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Olin Reports Increased Fourth Quarter Profits
8:09 AM MST | January 27, 2009 | Kara Sissell
Olin says fourth quarter net income from continuing operations was $47.2 million (61 cts/share) up from the year-ago quarter’s net income of $29.6 million (40cts/share). Sales from continuing operations were $434.2 million, compared to $404.8 million in the fourth quarter 2007. Olin forecasts first-quarter 2009 earnings to be 50 cts/share to 65 cts/share. For the chlor-alkali segment, fourth-quarter and full-year earnings were $86.5 million and $328.3 million respectively, says Olin chairman and CEO Joseph Rupp. Chlor-alkali product sales were $312...
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