Olin (NYSE:OLN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.59b (down 4.9% from 3Q 2023).
- Net loss: US$24.9m (down by 124% from US$104.1m profit in 3Q 2023).
- US$0.21 loss per share (down from US$0.84 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Olin EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 12% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Olin (of which 1 can't be ignored!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:OLN
Olin
Manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada.
Good value with reasonable growth potential and pays a dividend.
