Olin Corp. sees Q1 diluted EPS 40c-45c, consensus 56c Chlor Alkali Q1 earnings are expected to decline compared to 1Q12 due to lower volumes and pricing. Commercial volumes in Winchester are expected to remain at elevated levels and as a result, Q1 earnings are forecast to significantly exceed 1Q12 earnings. Q1 results are expected to include approximately $3.5M of restructuring charges.
Olin Corp. upgraded to Neutral from Sell at UBS UBS analyst John Roberts upgraded Olin Corp. (OLN) to Neutral saying shares should be supported by the 4% dividend yield and cost saves once the Reverse Morris Trust with Dow Chemical (DOW) is closed in early October. Roberts coupled the upgrade with a downgrade of Axiall (AXLL) to Sell.