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Olin Reports Loss in Q2, Beats on Sales Amid Market Challenges

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Key Takeaways

  • OLN reported a Q2 loss of $1.3M, down from a $74.2M profit in the same quarter a year ago.
  • OLN's Q2 revenues rose 6.9% year over year to $1.76B, topping the consensus estimate of $1.67B.
  • All three segments Chlor Alkali, Epoxy, and Winchester delivered year-over-year revenue growth.

Olin Corporation (OLN - Free Report) posted a second-quarter 2025 loss of $1.3 million, or a loss of a penny per share. This compares to a profit of $74.2 million or 62 cents in the year-ago quarter. Barring one-time items, earnings came in at 5 cents per share.

The chemical maker’s revenues rose roughly 6.9% year over year to $1,758.3 million in the quarter. It beat the Zacks Consensus Estimate of $1,669.1 million.

Olin Corporation Price, Consensus and EPS Surprise

Olin Corporation Price, Consensus and EPS Surprise

Olin Corporation price-consensus-eps-surprise-chart | Olin Corporation Quote

OLN’s Segment Review

Chlor Alkali Products and Vinyls: In the second quarter of 2025, revenues amounted to $979.5 million, which rose around 6.4% year over year. The reported figure beat the consensus estimate of $955.4 million. The upside in sales was primarily due to increased volume. Segment earnings were $64.9 million compared with $99.3 million in the second quarter of 2024. 

Epoxy: Revenues in the division went up around 4.2% year over year to $331.2 million. It beat the consensus estimate of $305.9 million.

Winchester: Revenues rose around 10.2% year over year to $447.6 million. The increase in sales was primarily due to higher military sales and military project revenues, partly offset by reduced commercial ammunition sales. It beat the consensus estimate of $401.9 million.

Olin’s Financials

The cash balance at the end of the second quarter was $223.8 million. At the end of the reported quarter, Olin had roughly $2.8 billion in net debt. 

During the second quarter, roughly 0.5 million shares of common stock were repurchased for $10.1 million. As of June 30, 2025, Olin had approximately $2 billion in share repurchase authorizations.

OLN’s Outlook

Given the continued challenges in the markets, the possibility of rising costs and general uncertainty related to tariffs, Olin anticipates its adjusted EBITDA for the third quarter of 2025 to be within the range of $170 million to $210 million. The company maintains its commitment to a disciplined capital allocation strategy, with a strong emphasis on maximizing cash generation. This outlook is underpinned by Olin’s solid financial foundation.

Olin’s Price Performance

Shares of Olin have lost 54.1% in the past year compared with an 19.4% decline of the industry.

Zacks Investment Research
Image Source: Zacks Investment Research

OLN’s Zacks Rank & Key Picks

OLN currently carries a Zacks Rank #4 (Sell).

Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. (RGLD - Free Report) , Kinross Gold Corporation (KGC - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) .

Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kinross is scheduled to report second-quarter results on July 30. The Zacks Consensus Estimate for KGC’s second-quarter earnings is pegged at 27 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 16.1%. KGC currently carries a Zacks Rank #1.

Agnico Eagle is slated to report second-quarter results on July 30. The consensus estimate for AEM’s earnings is pegged at $1.69. AEM, carrying a Zacks Rank #1, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.3%.

 

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