Olin Corporation (OLN) shares plunged 10.38% in intraday trading on Friday, hitting a 52-week low of $28.96 as the chemical and ammunition manufacturer provided disappointing earnings guidance for the first quarter of 2025, citing expected lower volumes and pricing pressure across its key products.
The company projected adjusted EBITDA for Q1 2025 to be in the range of just $150 million to $170 million, significantly lower than prior quarters and missing market expectations. CEO Ken Lane attributed the weak outlook to anticipated pricing pressure and lower volumes for products like chlorine, caustic soda, and ethylene dichloride.
Olin's epoxy business is also facing challenges from subdued global demand and intense competition from subsidized Asian rivals, further weighing on the company's near-term earnings prospects. The disappointing guidance sparked a sell-off in Olin shares, with investors reacting negatively to the company's outlook amid a challenging industry environment.
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