Olin Corp. reports Q4 EPS 43c, consensus 35c Olin Corp. reports Q4 EPS 43c, consensus 35c. Q4 results included pretax restructuring charges of $2.5M. Q4 results also included a $4.9M insurance recovery related to an unplanned Q1 and Q2 Chlor Alkali customer outage, and a $3.0M favorable settlement of a property tax dispute.
U.S. Chemicals sector initiated with an Overweight at RBC Capital RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.