Business overview
3 segments: Chlor-Alkali Products & Vinyls (commodity chemicals, ~54% of revenue), Epoxy, Winchester (ammunition, ~26% of revenue - operates the government-owned Lake City facility).
Watch: MERGER IN PROGRESS with Huntsman Corporation (shareholder meeting 08/25/2026, all-stock) - changes the very nature of the stock. High leverage (net debt/EBITDA 5.1x), Shintech litigation ($195M).
Valuation
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Update log
| Date | News | Impact |
|---|---|---|
| 9/1/2026 | Yahoo Finance | |
| 8/27/2026 | Ammunition Depot has introduced AmmoVault, a service allowing customers to purchase, store, and ship ammunition over time. | |
| 8/27/2026 | Yahoo Finance | |
| 8/26/2026 | Yahoo Finance | |
| 8/25/2026 | 8-K — Shareholder vote · Regulation FD disclosure · Financial statements and exhibits | |
| 8/25/2026 | EX-99.1 — Shareholder vote · Regulation FD disclosure · Financial statements and exhibits | |
| 8/18/2026 | 8-K — Other material events | |
| 8/11/2026 | FORM 8-K DIVIDEND DECLARATION — Regulation FD disclosure · Financial statements and exhibits | |
| 8/8/2026 | Olin (OLN) Q2 2026 Earnings Call Transcript Yahoo Finance | Yahoo Finance |
| 8/7/2026 | Yahoo Finance | |
| 8/4/2026 | Yahoo Finance | |
| 8/4/2026 | Rating revision: Rating 4 → Rating 3 AI review | The company's strategic importance in the ammunition supply chain has improved due to the identification of domestic antimony sources, which mitigates supply chain risks for the Winchester segment. While the merger and leverage risks remain significant, the increased national security relevance justifies upgrading the rating to speculative. The transition toward defense-critical production provides a clearer upside thesis than previously observed. |
| 8/3/2026 | The article highlights the domestic shortage of antimony, a critical material used to harden lead for munitions and ammunition, which Olin Corporation produces through its Winchester segment. | |
| 8/3/2026 | Yahoo Finance | |
| 8/3/2026 | Yahoo Finance | |
| 8/2/2026 | Yahoo Finance | |
| 7/31/2026 | EX-31.2 SECTION 302 CERTIFICATION STATEMENT OF CFO — Period: 2026-06-30 | |
| 7/31/2026 | Olin Q2 Earnings Call Highlights Yahoo Finance | Yahoo Finance |
| 7/31/2026 | Yahoo Finance | |
| 7/31/2026 | Olin Corporation Q2 2026 Earnings Call Summary Yahoo Finance | Yahoo Finance |
| 7/31/2026 | EX-31.1 SECTION 302 CERTIFICATION STATEMENT OF CEO — Period: 2026-06-30 | |
| 7/31/2026 | EX-32 SECTION 906 CERTIFICATION STATEMENT OF CEO AND CFO — Period: 2026-06-30 | |
| 7/31/2026 | 10-Q — Period: 2026-06-30 | |
| 7/31/2026 | Yahoo Finance | |
| 7/30/2026 | Olin (OLN) Matches Q2 Earnings Estimates Yahoo Finance | Yahoo Finance |
| 7/30/2026 | Rating revision: Rating 3 → Rating 4 AI review | The shift to a net loss in the latest quarter coupled with high leverage levels creates significant financial uncertainty. The pending merger with Huntsman adds further complexity, making the investment case increasingly speculative and risky for a defense-focused portfolio. Consequently, a downgrade is necessary until the structural transition is complete and profitability stabilizes. |
| 7/30/2026 | Olin Announces Second Quarter 2026 Results Yahoo Finance | Yahoo Finance |
| 7/30/2026 | FORM 8-K — Results of operations released · Financial statements and exhibits | |
| 7/30/2026 | Q2 2026 EARNINGS RELEASE — Results of operations released · Financial statements and exhibits | |
| 7/23/2026 | Yahoo Finance | |
| 7/20/2026 | Price ~$20-22, near the low of its 52-week range ($18.08-$30.46, approximately -28% from the peak), below its 200-day moving average. | Stock is undervalued but currently in the context of an ongoing merger - additional execution risk. |
| 7/19/2026 | Q1 2026: net loss $83M. Chlor Alkali shifts from a $78.3M profit to a $44.5M loss (-$122.8M), including $36.1M in historical litigation charges. | Confirms chemical/debt risk dominates the stock |
| 7/19/2026 | Winchester: Revenue +21% ($470.5M) confirming ammunition demand, BUT segment profit down to $15.2M (higher raw material/operating costs). | The ammunition thesis is confirmed in volume but not yet in margin - direct echo of the precursor bottleneck |
| 7/14/2026 | Olin and Huntsman companies have scheduled their respective shareholder votes for August 25. | |
| 7/14/2026 | Yahoo Finance | |
| 7/2/2026 | Plug Power has sold a federal investment tax credit for approximately $39.2 million to improve liquidity related to its Louisiana hydrogen facility. | |
| 6/30/2026 | Yahoo Finance | |
| 6/26/2026 | Yahoo Finance | |
| 6/25/2026 | Yahoo Finance | |
| 6/21/2026 | Yahoo Finance | |
| 6/21/2026 | Yahoo Finance | |
| 6/17/2026 | Yahoo Finance | |
| 6/16/2026 | Olin stock is seeing a drop in the markets today. | |
| 6/16/2026 | Olin and Huntsman have announced an all-stock merger to form a new entity valued at $12.5 billion. | |
| 6/16/2026 | Announcement of a MERGER OF EQUALS, all-stock, with Huntsman Corporation. The SEC declared the S-4 form effective on 07/13. Special meetings scheduled for 08/25/2026. | MAJOR STRUCTURAL DEVELOPMENT - the hidden Winchester thesis within a chemical company must be entirely re-evaluated. |
| 2/25/2026 | Carter Deon (VP, Pres CAPV) — Sell -$154,226 Insider Form 4 | S - Sale transaction of -6,500 shares at $23.73 |
| 2/24/2026 | Castle Angela M (VP, GC) — Sell -$57,700 Insider Form 4 | S - Sale+OE transaction of -2,379 shares at $24.25 |
| 2/3/2026 | Slater Todd A (VP, CFO) — Sell -$2,073,918 Insider Form 4 | S - Sale+OE transaction of -92,250 shares at $22.48 |
| 2/3/2026 | Sumner R Nichole (VP, Controller) — Sell -$106,846 Insider Form 4 | S - Sale+OE transaction of -4,750 shares at $22.49 |
| 11/26/2025 | Vermillion Teresa M (VP, Treasurer) — Sell -$93,850 Insider Form 4 | S - Sale+OE transaction of -4,500 shares at $20.86 |
| 9/17/2025 | AWARD FY25 PRODUCTION ORDERS. | |
| 6/28/2024 | AWARD FY24 PRODUCTION ORDERS. | |
| 3/5/2024 | NGSW FACILITY CONSTRUCTION SOW AT LCAAP UCO. | |
| 4/13/2023 | THE PURPOSE OF THIS DELIVERY ORDER IS TO AWARD THE M62A1 TRACERS FY23 PRODUCTION ORDER. | |
| 3/29/2021 | THE PURPOSE OF THIS DELIVERY ORDER IS TO AWARD THE XM1201 ONE-WAY LUMINESCENT (OWL) TRACER MANUFACTURING PROJECT. | |
| 12/20/2019 | Entry into a material agreement · Financial statements and exhibits | |
| 1/30/2019 | 8-K BYLAW AND LTIP AMENDMENTS 13019 — Officer / director departure or appointment · Amendments to bylaws · Financial statements and exhibits | |
| 8/1/2018 | THIRD AMENDMENT AGREEMENT — Period: 2018-06-30 | |
| 12/12/2017 | EXHIBIT 99.1 — Officer / director departure or appointment · Financial statements and exhibits | |
| 3/9/2017 | EX-10.1 — Entry into a material agreement · Termination of a material agreement · Material new financial obligation · Other material events · Financial statements and exhibits | |
| Juin 2026 | Analyst price targets cut in succession following the announcement: JPMorgan $26->$25, BMO $30->$25, Wells Fargo $37->$25. | Market uncertain about the value creation of the merger |