Shares of Olin Corp dropped 17.8% through 11:35 a.m. ET Friday after the chemicals and ammunition maker reported a surprise second-quarter loss. Analysts had expected earnings of $0.12 per share on $1.8 billion in sales, but Olin posted a loss of $0.12 per share on $1.7 billion in revenue. The company, which is in the process of a merger of equals with Huntsman, saw sales decline 14% in its Chlor Alkali Products and Vinyls segment, while Epoxy sales grew 27% and Winchester ammunition sales rose 12%. Overall sales slipped just 1% year over year, but losses widened to $0.12 per share from $0.01 a year ago, partly due to $10.6 million in acquisition-related costs tied to the pending merger. The merger is expected to close in early 2027.
Olin CorporationReported surprise Q2 loss of $0.12/share vs expected profit, with revenue miss and merger-related costs.
Huntsman CorporationMerger with Olin mentioned; Olin's loss and merger costs may affect deal terms but no direct impact on Huntsman.