Olin Expect Q3 Adjusted EBITDA To Be Approximately 10% Lower Than Q2; Expects FY23 Adjusted EBITDA To Be ~$1.4B
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation expects its Q3 adjusted EBITDA to be approximately 10% lower than Q2. The company also forecasts its FY23 adjusted EBITDA to be around $1.4 billion.
July 27, 2023 | 8:28 pm
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Olin Corporation's Q3 adjusted EBITDA is expected to be 10% lower than Q2, and FY23 adjusted EBITDA is projected to be around $1.4 billion.
The company's announcement of a lower Q3 EBITDA compared to Q2 indicates a potential decrease in profitability, which could negatively impact the stock price in the short term. However, the FY23 EBITDA projection of $1.4 billion might be seen as a positive outlook for the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100