Olin Corporation reported a net income of $10.7 million, or $0.09 per diluted share, for the fourth quarter ended December 31, 2024. This represents a decrease from $52.9 million, or $0.43 per diluted share, in the fourth quarter of 2023. Adjusted EBITDA for Q4 2024 was $193.4 million, down from $210.1 million in the prior year period.
For the full year 2024, Olin's reported net income was $108.6 million, or $0.91 per diluted share, a substantial decline from $460.2 million, or $3.57 per diluted share, in 2023. Sales in the fourth quarter 2024 increased to $1,671.3 million from $1,614.6 million in Q4 2023, primarily due to higher volumes and pricing in Chlor Alkali Products and Vinyls.
Looking ahead, Olin expects its first quarter 2025 adjusted EBITDA to be in the range of $150 million to $170 million, indicating continued challenging industry conditions. The company announced its entry into the domestic polyvinyl chloride (PVC) resin market in Q1 2025 through an ethylene dichloride (EDC) tolling agreement, a strategic pilot initiative to expand chlorine optionality and upgrade EDC value. Winchester's Q4 segment earnings decreased due to lower commercial ammunition shipments and pricing, and higher propellant costs, despite higher military sales.
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