Olin Corporation (OLN) saw its shares plummet 8.99% in pre-market trading on Friday, with the company's guidance for lower first-quarter earnings weighing heavily on investor sentiment.
The chemical and ammunition manufacturer projected adjusted EBITDA for Q1 2025 to be in the range of just $150 million to $170 million. This represented a significant decline from prior quarters and fell short of market expectations, with analysts pointing to weakness across Olin's business segments as the primary driver.
CEO Ken Lane cited expected lower volumes and pricing pressure for key products like chlorine, caustic soda, and ethylene dichloride. Olin's epoxy business is also facing headwinds from weak global demand and intense competition from subsidized Asian rivals.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.