Olin Says 'Hurricane Beryl impact, we anticipate our Chemical businesses' fourth quarter 2024 adjusted EBITDA to seasonally decline from third quarter 2024.'
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Olin Corporation anticipates a seasonal decline in its Chemical businesses' fourth quarter 2024 adjusted EBITDA due to the impact of Hurricane Beryl.
October 24, 2024 | 8:11 pm
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NEGATIVE IMPACT
Olin Corporation expects a seasonal decline in its Chemical businesses' fourth quarter 2024 adjusted EBITDA due to Hurricane Beryl.
The announcement of a decline in adjusted EBITDA due to Hurricane Beryl suggests potential negative financial performance for Olin in the short term. This could lead to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100