Olin’s third-quarter sales grew about 2% year over year, led by epoxy and Winchester, but adjusted EBITDA of $191 million came in below $222 million in the third quarter of last year as turnaround costs continue to weigh on profitability.
Global industry rationalization will tighten supply for chlor-alkalis, allowing Olin to achieve $1.5 billion-$2.0 billion in midcycle EBITDA.
Epoxy oversupply is structural and will force Olin to exit the business and realize cash losses associated with shutdowns.
|
Metric
|
OLN
|
4063
|
WLK
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.37 | 24.09 | 94.65 |
Price/Book Value | 1.17 | 2.48 | 1.00 |
Price/Sales | 0.30 | 4.36 | 0.78 |
Price/Cash Flow | 9.80 | 14.94 | 9.25 |
|
Metric
|
OLN
|
4063
|
WLK
|
|---|---|---|---|
Quick Ratio | 0.82 | 4.21 | 1.65 |
Current Ratio | 1.45 | 5.94 | 2.45 |
Interest Coverage | −0.67 | 239.57 | −6.00 |
|
Metric
|
OLN
|
4063
|
WLK
|
|---|---|---|---|
Return on Assets (Normalized) | −2.14% | 12.95% | 0.67% |
Return on Equity (Normalized) | −8.87% | 16.23% | 1.45% |
Return on Invested Capital (Normalized) | −0.48% | 14.06% | 1.27% |
|
1-Day Chart
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United States