Olin Corp. (OLN) reported its fourth quarter net income of $21.8 million or $0.28 per share, compared to $47.2 million or $0.61 per share in the same period last year.
The company's current quarter earnings included $37.0 million of pretax recoveries of environmental costs incurred and expensed in prior periods and a $1.2 million pretax gain associated with the sale of a former manufacturing facility.
Sales for the quarter declined to $350.9 million from $434.2 million in the corresponding period last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.05 per share for the quarter, on revenues of $329.60 million. Analysts' estimates typically exclude special items.
For the first quarter of 2010, the company anticipates earnings to be $0.10 per share. Analysts expect earnings of $0.06 per share for the first quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.