Earnings ·
Reports Q3 net income of $14.4 million and updates Huntsman merger closing to first quarter 2027
OLNOLIN Corp
Olin Corporation reported third-quarter 2026 net income of $14.4 million, or $0.13 per diluted share, a decline from $42.8 million in the prior-year period. Sales rose 2% to $1,747.7 million, while adjusted EBITDA fell to $191.4 million from $222.4 million due to lower volumes and operating issues at its Freeport, Texas vinyl chloride monomer plant. The company expects fourth-quarter adjusted EBITDA between $80 million and $100 million. Olin also announced that shareholders have approved its proposed all-stock merger with Huntsman Corporation and the U.S. Hart-Scott-Rodino waiting period has expired; however, pending regulatory approvals now push the expected closing date to the first quarter of 2027. Olin is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition.