US Olin reports sharp profit decline in Q1
by ChemOrbis Editorial Team - content@chemorbis.com
Olin Corporation reported first-quarter 2025 net income of $1.4 million, or $0.01/share, down sharply from $48.6 million, or $0.40/share, a year earlier. Adjusted EBITDA fell to $185.6 million from $242.1 million in Q1 2024, reflecting lower pricing and higher operating costs, despite stable overall sales of $1.64 billion.
The Chlor Alkali Products and Vinyls segment delivered earnings of $78.3 million, slightly above last year’s $76.6 million, driven by higher volumes. However, gains were partially offset by weaker ethylene dichloride (EDC) pricing and increased costs. Segment sales rose to $924.5 million, up from $884.6 million in Q1 2024.
Olin delayed a planned maintenance turnaround to meet stronger-than-expected chlorine demand amid industry outages. The company raised its full-year cost savings outlook to $50–$70 million and lowered capital spending plans by $25 million. Chemical segment performance in Q2 is expected to remain steady despite delayed maintenance costs.
The Chlor Alkali Products and Vinyls segment delivered earnings of $78.3 million, slightly above last year’s $76.6 million, driven by higher volumes. However, gains were partially offset by weaker ethylene dichloride (EDC) pricing and increased costs. Segment sales rose to $924.5 million, up from $884.6 million in Q1 2024.
Olin delayed a planned maintenance turnaround to meet stronger-than-expected chlorine demand amid industry outages. The company raised its full-year cost savings outlook to $50–$70 million and lowered capital spending plans by $25 million. Chemical segment performance in Q2 is expected to remain steady despite delayed maintenance costs.
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