Overview
- Shares fell 12.45% on Tuesday to close at $21.03 following the guidance shortfall and a price-target cut, then rose 6.2% Wednesday to trade near $22.33.
- Olin’s fourth-quarter outlook of $110 million to $130 million in adjusted EBITDA trails Street expectations of $169 million.
- Management said the guidance includes a $40 million penalty tied to planned inventory reductions due to softer demand and typical seasonal weakness.
- Mizuho lowered its price target to $25 with a neutral rating, while Keybanc, Wells Fargo, Truist, and UBS also cut their targets.
- The company reported a third-quarter swing to $42.8 million in net income on $1.713 billion in sales, and highlighted its Beyond250 cost program and plans to end 2025 with net debt comparable to year-end 2024.