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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.