OLIN Corp
OLN · Chemicals & Allied Products · 113.9M shares · -6%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $693M (gross $711M, SBC $19M)
Reference price $23.73 · est. market cap ~$2.7B — last insider sale, 2026-02-25 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48Cyclical chlor-alkali/epoxy/Winchester producer in a trough year, posting a net loss with weak coverage and high leverage.
Strengths
- Strong absolute FCF $247.9M (100th pct) and profitable Winchester segment ($67.7M)
- Refinanced and secured credit facility in 2025, easing near-term maturities
Risks
- Net loss ($100.5M), interest coverage ~0.03x and gross margin 7.4% (8th pct) — earnings barely cover interest
- Distress-adjacent leverage (debt/equity 87.5th pct) and weak liquidity (quick ratio 6.7th pct)
Notable findings
- No interest coverageInterest coverage 0.03 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -1.5%)
- Buying back stockNet buyback — share count -6%/yr over 4y
- Insider sellingInsider selling — 4 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
7.4%
Operating margin
0.1%
Net margin
-1.5%
Return on equity
-5.5%
Return on assets
-1.4%
ROIC
0.1%
Revenue growth (QoQ)
-4.9%
Net-income growth
-196.3%
Debt / equity
1.5×
Net debt / EBITDA
4.8×
Interest coverage
0.0×
Current ratio
1.2×
Free cash flow
$248M
EBITDA
$527M
Tangible book value
$237M
Cash & investments
$168M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-17 | Carter Deon | Option exercise | 2.5K | — |
| 2026-06-17 | Carter Deon | Tax withheld | 609 | $24.13 |
| 2026-06-01 | Kohl Florian J | Tax withheld | 492 | $25.67 |
| 2026-06-01 | Kohl Florian J | Option exercise | 1.2K | — |
| 2026-05-15 | Kohl Florian J | Tax withheld | 819 | $27.07 |
| 2026-05-15 | Kohl Florian J | Option exercise | 2.5K | — |
| 2026-05-01 | Babcock Beverley A | Grant | 2.1K | $28.48 |
| 2026-05-01 | Ehrhardt Marc | Option exercise | 5.2K | — |
| 2026-05-01 | Ehrhardt Marc | Option exercise | 2.5K | — |
| 2026-05-01 | Ehrhardt Marc | Tax withheld | 1.9K | $28.48 |
| 2026-03-18 | Lane Kenneth Todd | Tax withheld | 20K | $26.25 |
| 2026-03-18 | Lane Kenneth Todd | Option exercise | 50K | — |
| 2026-02-25 | Carter Deon | Sell | 6.5K | $23.73 |
| 2026-02-24 | Castle Angela M | Sell | 2.4K | $24.25 |
| 2026-02-20 | Slater Todd A | Option exercise | 8.7K | — |
| 2026-02-20 | Slater Todd A | Tax withheld | 3.9K | $24.09 |
| 2026-02-20 | VERMILLION TERESA M | Option exercise | 2.3K | — |
| 2026-02-20 | Castle Angela M | Option exercise | 3.4K | — |
| 2026-02-20 | Castle Angela M | Tax withheld | 1.0K | $24.09 |
| 2026-02-20 | Carter Deon | Option exercise | 6.8K | — |
| 2026-02-20 | Carter Deon | Tax withheld | 1.8K | $24.09 |
| 2026-02-20 | Kohl Florian J | Option exercise | 6.0K | — |
| 2026-02-20 | Kohl Florian J | Tax withheld | 1.5K | $24.09 |
| 2026-02-20 | Lane Kenneth Todd | Option exercise | 36K | — |
| 2026-02-20 | Lane Kenneth Todd | Tax withheld | 8.8K | $24.09 |
| 2026-02-20 | VERMILLION TERESA M | Tax withheld | 674 | $24.09 |
| 2026-02-20 | FLAUGHER BRETT A | Option exercise | 6.3K | — |
| 2026-02-20 | FLAUGHER BRETT A | Tax withheld | 1.8K | $24.09 |
| 2026-02-20 | Sumner R Nichole | Option exercise | 1.8K | — |
| 2026-02-20 | Sumner R Nichole | Tax withheld | 538 | $24.09 |
| 2026-02-18 | VERMILLION TERESA M | Grant | 79 | — |
| 2026-02-18 | FLAUGHER BRETT A | Grant | 237 | — |
| 2026-02-18 | Sumner R Nichole | Grant | 79 | — |
| 2026-02-18 | Castle Angela M | Grant | 26 | — |
| 2026-02-18 | Slater Todd A | Grant | 412 | — |
| 2026-02-03 | Slater Todd A | Sell | 92K | $22.48 |
| 2026-02-03 | Sumner R Nichole | Option exercise | 4.8K | $13.14 |
| 2026-02-03 | Sumner R Nichole | Sell | 4.8K | $22.49 |
| 2026-02-03 | Slater Todd A | Option exercise | 92K | $13.14 |
| 2025-11-26 | VERMILLION TERESA M | Option exercise | 4.5K | $13.14 |
| 2025-11-26 | VERMILLION TERESA M | Sell | 4.5K | $20.86 |
| 2025-08-13 | VERMILLION TERESA M | Option exercise | 6.0K | $13.14 |
| 2025-08-13 | VERMILLION TERESA M | Sell | 6.0K | $21.11 |
| 2025-08-06 | Ehrhardt Marc | Buy | 20K | $18.70 |
| 2025-06-17 | Carter Deon | Option exercise | 2.5K | — |
| 2025-06-17 | Carter Deon | Tax withheld | 609 | $20.04 |
| 2025-06-01 | Kohl Florian J | Tax withheld | 305 | $19.63 |
| 2025-06-01 | Kohl Florian J | Option exercise | 1.2K | — |
| 2025-05-01 | Babcock Beverley A | Grant | 2.8K | $21.77 |
| 2025-05-01 | Williams Carol A | Grant | 1.4K | $21.77 |
| 2025-03-18 | Lane Kenneth Todd | Option exercise | 50K | — |
| 2025-03-18 | Lane Kenneth Todd | Tax withheld | 15K | $24.89 |
| 2025-02-19 | VERMILLION TERESA M | Grant | 691 | — |
| 2025-02-19 | Sumner R Nichole | Grant | 715 | — |
| 2025-02-19 | Slater Todd A | Grant | 3.5K | — |
| 2025-02-19 | O'Brien Dana C. | Grant | 2.1K | — |
| 2025-02-19 | FLAUGHER BRETT A | Grant | 1.8K | — |
| 2025-02-04 | Lane Kenneth Todd | Buy | 7.2K | $28.06 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Reg FDExhibits | filing ↗ |
| 2026-06-16 | Material agreementOtherExhibits | filing ↗ |
| 2026-05-21 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-04-30 | Exec/director change5.03Shareholder voteReg FDExhibits | filing ↗ |
| 2026-02-19 | Reg FDExhibits | filing ↗ |
| 2026-02-12 | Reg FDExhibits | filing ↗ |
| 2026-01-29 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001193125-26-271782 ↗ |
| 8-K | 2026-06-16 | 2026-06-15 | 0001193125-26-272877 ↗ |
| 8-K/A | 2026-05-21 | 2026-04-29 | 0001193125-26-234422 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0000074303-26-000063 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0000074303-26-000060 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0000074303-26-000051 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0000074303-26-000027 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0000074303-26-000019 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0000074303-26-000010 ↗ |
| 8-K | 2026-01-29 | 2026-01-29 | 0000074303-26-000005 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0000074303-26-000001 ↗ |
| 8-K | 2025-11-12 | 2025-11-12 | 0000074303-25-000137 ↗ |