Olin Corp Stock Drops After Missing Earnings Amid Pending Merger
Shares of Olin Corporation (OLN) fell nearly 18% in early trading after the company reported a $0.12 per share loss for Q2, missing analyst expectations of a $0.12 profit on sales of $1.8 billion. Actual revenue came to $1.7 billion, with declines noted in its Chlor Alkali Products and Vinyls segment offset by growth in Epoxy and Winchester (ammunition) segments. The earnings miss occurred as Olin prepares for a merger-of-equals with Huntsman Corporation (HUN), scheduled to close early 2027. The company incurred $10.6 million in acquisition-related costs during the quarter, raising speculation that it may have taken a
Topics: ammunition chemicals merger