OLIN Corp SEC 10-Q Report

OLIN Corp, a leading manufacturer in the chemical and ammunition industries, has released its Form 10-Q report for the third quarter of 2025. The report highlights significant improvements in both financial and operational performance, driven by increased volumes in key segments and strategic acquisitions. This comprehensive summary provides an overview of the company's financial and business highlights for the period.

Financial Highlights

Sales: OLIN Corp reported sales of $1,713.2 million, marking an 8% increase compared to the same period last year. This growth was primarily driven by higher volumes in the Chlor Alkali Products and Vinyls and Epoxy segments.

Gross Margin: The company's gross margin increased to $183.4 million, up by $48.9 million from the prior year period. This improvement was attributed to better performance in the Chlor Alkali Products and Vinyls and Epoxy segments.

Operating Income: Operating income surged to $82.8 million, compared to $15.5 million in the prior year period. The increase reflects improved gross margins and lower restructuring charges.

Net Income: OLIN Corp reported a net income of $42.8 million, a significant turnaround from a loss of $24.9 million in the prior year period. The improvement was partly due to the clean hydrogen production tax credit.

Net Income Per Share: Net income per share was $0.37, compared to a loss of $0.21 per share in the prior year period, reflecting enhanced profitability and tax benefits.

Business Highlights

Revenue Segments

The Chlor Alkali Products and Vinyls segment reported sales of $924.0 million for the three months ended September 30, 2025, driven by higher volumes despite lower pricing. The Epoxy segment saw sales increase to $349.6 million, primarily due to higher volumes. The Winchester segment reported sales of $439.6 million, with increased sales to military customers offsetting lower commercial ammunition sales.

Geographical Performance

Sales in the United States were $1,136.1 million, with significant contributions from the Chlor Alkali Products and Vinyls and Winchester segments. European sales amounted to $159.3 million, while other foreign sales were $417.8 million, reflecting strong international demand.

Sales Units

The Winchester segment experienced a shift in sales mix, with increased military and law enforcement sales partially offsetting declines in commercial ammunition sales.

New Production Launches

OLIN Corp acquired AMMO, Inc.’s small caliber ammunition manufacturing assets, including a 185,000 square foot production facility in Manitowoc, WI. This acquisition enhances the Winchester segment's production capabilities.

Future Outlook

OLIN Corp expects an annual pretax benefit of $15 million to $20 million from the clean hydrogen production tax credit under Section 45V for years 2026 through 2028, with lower amounts through 2032. The company is also focusing on evolving its EDC participation by emphasizing longer-term structural opportunities.

SEC Filing: OLIN Corp [ OLN ] - 10-Q - Oct. 28, 2025