Olin's Earnings Rise on Stronger Chlor-Alkali Sales

Olin reported first-quarter adjusted Ebitda of $94.9 million, up 38% from the year-ago quarter, on sales up 16%, to $507 million. Including a $1.9-million pretax restructuring charge associated with its Winchester business unit and a one-time, pretax, non-cash gain of $181.4 million associated with the remeasurement of the Olin owned 50% interest its SunBelt chlor-alkali joint venture in the first quarter of 2011, Olin’s net income was $38.7 million, down 71% from the year-ago period.   Chlor-alkali segment earnings increased 65% compared to the first...

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