Olin Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Olin (NYSE:OLN) Full Year 2023 Results

Key Financial Results

• Revenue: US$6.83b (down 27% from FY 2022).
• Net income: US$460.2m (down 65% from FY 2022).
• Profit margin: 6.7% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$3.66 (down from US$9.16 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Olin Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Olin has 3 warning signs we think you should be aware of.

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