Olin Corporation announced on December 12, 2024, that its Board of Directors authorized a new share repurchase program, increasing the total authorization to $2.0 billion. This new program adds $1.3 billion to the approximately $0.7 billion remaining under the existing 2022 Share Repurchase Program.
The company's President and CEO, Ken Lane, stated that this authorization emphasizes the Board's continued confidence in Olin's earnings potential and cash flow generation. The repurchases may occur periodically in the open market or through privately negotiated transactions, with timing and value determined by management discretion.
This increased authorization is part of Olin's disciplined capital allocation framework, which prioritizes delivering higher returns to shareholders. The Investor Day also provided updates on Olin's core businesses, long-term value creation strategy, and financial targets, reinforcing the company's commitment to optimizing and growing its core operations through self-help initiatives and low-capital growth projects.
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