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Olin cuts Q2 EBITDA guidance by $45M, reaffirms full-year outlook

Published 06/20/2017, 09:32 AM
© Reuters.  Olin cuts Q2 EBITDA guidance by $45M, reaffirms full-year outlook
OLN
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  • Olin (OLN -0.8%) lowers guidance for its Q2 adjusted EBITDA by ~$45M due to an extended vinyl chloride monomer plant turnaround and an unplanned Bisphenol A plant outage.
  • However, OLN expects H2 adjusted EBITDA to come in $90M-$100M higher than H1 levels, helped by reduced maintenance turnaround activity; the Chlor Alkali Products and Vinyls business is seen benefiting from seasonally stronger demand, improved caustic soda and chlorine prices and lower ethylene costs.
  • For FY 2017, OLN reiterates its adjusted EBITDA forecast of $1B with upside opportunities and downside risks of ~5%.
  • Now read: Olin Corporation (OLN) Presents At Cowen and Co. Chemical Conference - Slideshow


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