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Olin's Fourth-Quarter Earnings Increase Due to Lower Restructuring Charges
7:25 AM MST | January 31, 2012 | Sotirios Frantzanas
Olin says net income from continuing operations in the fourth quarter of 2011 was $18.7 million (23 cts/share). This is significantly higher than the company's fourth-quarter 2010 net income, which was $2.0 million (2 cts/share). Sales in the fourth quarter of 2011 were $445.8 million, compared with $358.4 million in the fourth quarter of 2010. Net income for the first quarter of 2012 is forecasted to be 35 cts-40 cts/share, Olin says. Lower restructuring charges had a major impact on Olin's improved results in the fourth quarter of 2011. Pretax...
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