Olin Announces Third Quarter 2026 Results
Key Highlights
- ➤Net income $14.4 million, or $0.13 per diluted share, versus $42.8 million
- ➤Adjusted EBITDA $191.4 million, down from $222.4 million year over year
- ➤Huntsman merger expected to close in first quarter 2027
- ➤Fourth-quarter adjusted EBITDA forecast at $80 million to $100 million
- ➤Epoxy segment earnings improved to $0.6 million from a $32.2 million loss
Expert Statements
Ken Lane, President and Chief Executive Officer of Olin Corporation
“During the third quarter, Olin delivered adjusted EBITDA consistent with our expectations and restored normal operations at our vinyl chloride monomer (VCM) assets. Our Chlor Alkali Products and Vinyls business maintained disciplined market participation and stable domestic Electrochemical Unit values despite continued challenging global demand. Epoxy earnings improved as structural cost reductions and volume growth offset persistent demand weakness in Europe. Winchester delivered consistent year-over-year commercial volume growth through the third quarter, while pricing actions were implemented to offset higher metals and raw material costs.”
Ken Lane, President and Chief Executive Officer of Olin Corporation
“We also achieved two important milestones related to our proposed merger with Huntsman. Shareholders of both companies overwhelmingly approved the transaction, and the waiting period under the U.S. Hart-Scott-Rodino Act expired, satisfying a key closing condition. We continue to see good progress on the remaining regulatory approvals and now expect the transaction to close in first quarter 2027, subject to customary closing conditions. We are advancing permitted pre-close integration planning to prepare for an expeditious combination and realization of expected synergies.”
Ken Lane, President and Chief Executive Officer of Olin Corporation
“Our fourth-quarter outlook reflects normal seasonality, as well as elevated year-end customer destocking in Chemicals, higher feedstock costs, continued pressure from subsidized Asian exports and significant planned maintenance turnarounds. We remain focused on our value-first commercial approach amid volatile export markets. Fourth quarter 2026 adjusted EBITDA is expected to be in the range of $80 million to $100 million. Our priorities remain operating safely and reliably, delivering Beyond250 structural cost savings and generating cash”
* Third quarter 2026 net income of $14.4 million, or $0.13 per diluted share * Quarterly adjusted EBITDA of $191.4 million * Expect Olin and Huntsman merger to close first quarter 2027 * Substantial progress made with integration planning CLAYTON, Mo., Oct. 29, 2026 /PRNewswire/ -- Olin Corporation (NYSE: OLN) announced financial results for the third quarter ended September 30, 2026. Third quarter 2026 reported net income was $14.4 million, or $0.13 per diluted share, which compares to third quarter 2025 reported net income of $42.8 million, or $0.37 per diluted share. Third quarter 2026 adjusted EBITDA of $191.4 million excludes depreciation and amortization expense of $114.4 million, acquisition-related costs of $13.7 million, and restructuring charges of $1.7 million. Third quarter 2025 adjusted EBITDA was $222.4 million. Sales in the third quarter 2026 were $1,747.7 million, compared to $1,713.2 million in the third quarter 2025.
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