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.
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.