Olin Analysts Slash Their Forecasts After Q3 Earnings
Olin Analysts Slash Their Forecasts After Q3 Earnings
Olin said it sees fourth-quarter adjusted EBITDA of $170 million to $200 million.Olin Corporation (NYSE:OLN) reported mixed third-quarter financial results, after the closing bell on Thursday. Also, the company said Hurricane Beryl will impact its chemical businesses.
歐林公司（紐交所：OLN）報告稱，週四收盤後公佈了第三季度財務業績，結果褒貶不一。此外，公司表示，颶風貝瑞爾將影響其化學品業務。
Olin reported quarterly GAAP losses of 21 cents per share which missed the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $1.59 billion which beat the analyst consensus estimate of $1.57 billion.
歐林報告第三季度每股21美分的季度性GAAP虧損，低於分析師預期的每股3美分。該公司報告季度銷售額爲15.9億美元，高於分析師預期的15.7億美元。
Ken Lane, President, and Chief Executive Officer, said, "During the third quarter, our Olin team worked tirelessly to recover from the effects of Hurricane Beryl. However, despite the team's hard work, persistent operating limitations related to the hurricane necessitated an additional outage, which we commenced in late September and successfully completed this month. This downtime added $9.4 million to the originally estimated third quarter Hurricane Beryl impact of $100 million and we anticipate a residual fourth quarter impact of approximately $25 million on our Chemicals businesses. Overall, Hurricane Beryl is expected to result in an approximately $135 million headwind in 2024. Our Freeport, Texas assets are now returning to normal operations. Excluding the Hurricane Beryl impact, our Chemicals businesses' performance in the third quarter 2024 was slightly better than we anticipated."
總裁兼首席執行官Ken Lane表示：「在第三季度，我們的歐林團隊不知疲倦地努力恢復颶風貝瑞爾的影響。然而，儘管團隊的辛勤工作，受颶風影響的持續運營限制使我們必須進行額外的停工，我們於9月下旬開始，並於本月成功完成。這次停工使原先預計的第三季度颶風貝瑞爾影響增加了940萬美元，我們預計化學品業務在第四季度仍將產生約2500萬美元的殘留影響。總體而言，預計颶風貝瑞爾將在2024年帶來約13500萬美元的不利影響。我們德克薩斯州弗裏波特資產現已恢復正常營運。除颶風貝瑞爾的影響外，我們在2024年第三季度的化學品業務表現略高於我們的預期。」
Olin said it sees fourth-quarter adjusted EBITDA of $170 million to $200 million.
歐林表示，預計第四季度調整後的EBITDA爲17000萬至20000萬美元。
Olin shares gained 1% to trade at $41.85 on Monday.
週一，歐林股票上漲1%，報收41.85美元。
These analysts made changes to their price targets on Olin following earnings announcement.
這些分析師在收益公告後調整了對歐林的價格目標。
- Keybanc analyst Aleksey Yefremov maintained Olin with an Overweight and lowered the price target from $57 to $56.
- Barclays analyst Michael Leithead maintained Olin with an Equal-Weight and lowered the price target from $49 to $45.
- Keybanc分析師Aleksey Yefremov維持對歐林的超配評級，並將價格目標從57美元下調至56美元。
- 巴克萊銀行分析師Michael Leithead維持歐林的等權評級，並將價格目標從49美元下調至45美元。
Considering buying OLN stock? Here's what analysts think:
考慮購買歐林股票嗎？這是分析師們的看法：
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譯文內容由第三人軟體翻譯。
