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.
欧林公司（纽交所：OLN）报告称，周四收盘后公布了第三季度财务业绩，结果褒贬不一。此外，公司表示，飓风贝瑞尔将影响其化学品业务。
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.
欧林报告第三季度每股21美分的季度性GAAP亏损，低于分析师预期的每股3美分。该公司报告季度销售额为15.9亿美元，高于分析师预期的15.7亿美元。
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."
总裁兼首席执行官Ken Lane表示：“在第三季度，我们的欧林团队不知疲倦地努力恢复飓风贝瑞尔的影响。然而，尽管团队的辛勤工作，受飓风影响的持续运营限制使我们必须进行额外的停工，我们于9月下旬开始，并于本月成功完成。这次停工使原先预计的第三季度飓风贝瑞尔影响增加了940万美元，我们预计化学品业务在第四季度仍将产生约2500万美元的残留影响。总体而言，预计飓风贝瑞尔将在2024年带来约13500万美元的不利影响。我们德克萨斯州弗里波特资产现已恢复正常营运。除飓风贝瑞尔的影响外，我们在2024年第三季度的化学品业务表现略高于我们的预期。”
Olin said it sees fourth-quarter adjusted EBITDA of $170 million to $200 million.
欧林表示，预计第四季度调整后的EBITDA为17000万至20000万美元。
Olin shares gained 1% to trade at $41.85 on Monday.
周一，欧林股票上涨1%，报收41.85美元。
These analysts made changes to their price targets on Olin following earnings announcement.
这些分析师在收益公告后调整了对欧林的价格目标。
- 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分析师Aleksey Yefremov维持对欧林的超配评级，并将价格目标从57美元下调至56美元。
- 巴克莱银行分析师Michael Leithead维持欧林的等权评级，并将价格目标从49美元下调至45美元。
Considering buying OLN stock? Here's what analysts think:
考虑购买欧林股票吗？这是分析师们的看法：
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译文内容由第三方软件翻译。
