High materiality8/10
Olin Analysts Slash Their Forecasts After Q3 Earnings
Why it may matterVerify against the original reporting
Mixed financial results and Hurricane Beryl's impact suggest challenges ahead.
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What happened, with direct paths to the underlying reporting
Olin reported a GAAP loss of 21 cents per share, missing estimates. Quarterly sales of $1.59 billion slightly beat analyst expectations. Hurricane Beryl caused an estimated impact of $135 million in 2024. Analysts lowered price targets for Olin after the earnings announcement. Adjusted EBITDA for Q4 is forecasted between $170 million and $200 million.
- Olin reported a GAAP loss of 21 cents per share, missing estimates.
- Quarterly sales of $1.59 billion slightly beat analyst expectations.
- Hurricane Beryl caused an estimated impact of $135 million in 2024.
- Analysts lowered price targets for Olin after the earnings announcement.
- Adjusted EBITDA for Q4 is forecasted between $170 million and $200 million.
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