Olin's Net Income Falls on Pre-Tax Charge; Chlor-Alkali Segment Posts Strong Results

Olin reported fourth-quarter 2010 net income of $2.0 million, or 2 cts/share, down about 91% from the year-ago quarter. Results were impacted by a previously announced pretax restructuring charge of $34.2 million, reflecting the company’s plan to exit the use of mercury cell technology in the chlor-alkali manufacturing process by the end of 2012. Chlor-alkali segment net income sextupled from the year-ago period, to $36.5 million, on higher prices and higher volumes, while sales were up 21% from the fourth-quarter of 2009, to $272.7 million.  ...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers