IHS Chemical Week
BASIC CHEMICALS

Olin third-quarter earnings fall 63% on continued weak chlor-alkali

2:47 PM MDT | October 24, 2014 | Clay Boswell

Weak chlor-alkali demand continues to take a toll on Olin’s quarterly results, but the company expects improvement in the fourth quarter. Olin reports third-quarter net income of $26 million, down 63% year-over-year (YOY) from $70 million. Sales totaled $594 million, down 11% YOY from $671 million. Adjusted earnings per share of 42 cents equaled the analysts’ consensus estimate reported by Thomson Reuters....


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