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Dec 31, 2022
Olin Q4 2022 Earnings Report
Olin's Q4 2022 financial performance was announced, revealing a decrease in net income and sales compared to the same quarter last year.
Key Takeaways
Olin Corporation reported a decrease in net income for Q4 2022 to $196.6 million, or $1.43 per diluted share, compared to $306.6 million, or $1.89 per diluted share in Q4 2021. Sales also decreased to $1,977.0 million from $2,430.4 million in the same period last year. The company expects challenging global economic conditions to continue in 2023.
Q4 2022 net income was $196.6 million, or $1.43 per diluted share.
Adjusted EBITDA for the quarter was $441.8 million.
Share repurchases amounted to $1.35 billion in 2022.
The company anticipates 2023 adjusted EBITDA to be between $1.5 to $2.0 billion.
Olin
Olin
Olin Revenue by Segment
Revenue by Segment
Chlor Alkali & Vinyls Revenue
CapyFin.comEpoxy Revenue
CapyFin.com Forward Guidance
Olin expects challenging global economic conditions to continue in 2023, anticipating full year adjusted EBITDA to be in the $1.5 to $2.0 billion range.
Positive Outlook
- Resiliency of Olin's winning model.
- Commitment to maintain an investment-grade balance sheet.
- Achievement of investment-grade credit ratings.
- Expectation to continue capital allocation strategy.
- Focus on 'value first' approach.
Challenges Ahead
- Chemical businesses to be tested by European and North American epoxy demand weakness.
- Vinyls intermediate demand weakness.
- Elevated levels of Chinese exports due to weak Chinese domestic demand.
- Chemical businesses expect to continue at reduced operating rates.
- Winchester business first quarter 2023 results expected to be lower than first quarter 2022 levels due to lower commercial ammunition shipments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income