Olin Boosts Stock Buyback Authorization to $2 Billion

Dow Jones

2024-12-12

By Colin Kellaher

Olin's board has added $1.3 billion to the chemical maker's share-repurchase program, boosting the authorization to $2 billion.

Olin on Thursday said the increased buyback reflects continued confidence in its earnings potential and cash-flow generation.

The Clayton, Mo., company had nearly 116.6 million shares outstanding as of Sept. 30 and sports a market capitalization topping $4.4 billion.

Olin shelled out $256.8 million to buy back 4.9 million shares during the first nine months of 2024.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

December 12, 2024 06:57 ET (11:57 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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