Olin Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 09:27 pm
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Olin Corporation announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 1,654.1 million compared to USD 1,387.1 million a year ago. Operating income was USD 80.4 million compared to operating loss of USD 49.3 million a year ago. Net loss was USD 33 million compared to USD 77.2 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.49 a year ago. For the full year, sales was USD 5,758 million compared to USD 6,110 million a year ago. Operating loss was USD 746.7 million compared to operating Income of USD 177.8 million a year ago. Net loss was USD 969.9 million compared to USD 11.3 million a year ago. Basic loss per share from continuing operations was USD 6.14 compared to USD 0.07 a year ago.
Olin Corporation is a vertically integrated global manufacturer and distributor of chemical products and a manufacturer of ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a full range of epoxy materials and precursors, including aromatics (acetone and phenol), allyl chloride, epichlorohydrin, liquid epoxy resins, solid epoxy resins and systems and growth products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, industrial cartridges and clay targets.
OLIN CORPORATION 
