OLN Q3 2023 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

Q3 2023 Earnings

Reported October 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$1.7B	—	$2.3B	—	-28.0%
Op. Income	$166M	—	$394M	—	-57.8%
Gross Margin	16.1%	—	20.7%	—	-4.6pp
Net Margin	6.2%	—	13.6%	—	-7.3pp
EPS (Diluted)	$0.82	—	$2.18	—	-62.4%
Free Cash Flow	$171M	—	$486M	—	-64.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$269M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$85M
Other Expenses	$18M
Operating Expenses	$103M
Cost & Expenses	$1.5B
OPERATING INCOME	$166M
Interest Income	$1M
Interest Expense	$46M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$127M
Income Tax Expense	$22M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$131M
EBIT	$184M
EBITDA	$315M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.4B
GROSS PROFIT	$269M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$85M
Other Expenses	$18M
Operating Expenses	$103M
Cost & Expenses	$1.5B
OPERATING INCOME	$166M
Interest Income	$1M
Interest Expense	$46M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$127M
Income Tax Expense	$22M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$131M
EBIT	$184M
EBITDA	$315M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$131M
Stock-Based Compensation	$4M
Deferred Income Tax	-$33M
Other Non-Cash Items	-$6M
Change in Working Capital	$14M
OPERATING CASH FLOW	$215M
Capital Expenditure	-$44M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	$63M
Common Stock Repurchased	-$202M
Common Dividends Paid	-$25M
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$154M
FREE CASH FLOW	$171M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$158M
Short-Term Investments	$0
Net Receivables	$922M
Inventory	$978M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$2.8B
Goodwill	$1.4B
Intangible Assets	$1.3B
Long-Term Investments	$3M
Tax Assets	$106M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.8B
Account Payables	$718M
Short-Term Debt	$147M
Deferred Revenue	$0
Other Current Liabilities	$361M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$501M
Other Non-Current Liabilities	$568M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$5.4B
Common Stock	$123M
Additional Paid-In Capital	$130M
Retained Earnings	$2.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$480M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$40M
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$3.1B
Net Debt	$3.0B