--- title: "OLIN | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 1.583 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285612525.md" datetime: "2026-05-07T20:28:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285612525.md) - [en](https://longbridge.com/en/news/285612525.md) - [zh-HK](https://longbridge.com/zh-HK/news/285612525.md) --- # OLIN | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 1.583 B Revenue: As of FY2026 Q1, the actual value is USD 1.583 B, missing the estimate of USD 1.621 B. EPS: As of FY2026 Q1, the actual value is USD -0.73. EBIT: As of FY2026 Q1, the actual value is USD -36.2 M. #### Overall Financial Performance - **Net Loss**: Olin Corporation reported a net loss of - $83.0 million for the first quarter of 2026, compared to a net income of $1.4 million in the first quarter of 2025. - **Adjusted EBITDA**: Quarterly adjusted EBITDA was $86.2 million in Q1 2026, a decrease from $185.6 million in Q1 2025. - **Operating Loss**: The company recorded an operating loss of - $78.3 million in Q1 2026, compared to an operating income of $43.7 million in Q1 2025. - **Cost of Goods Sold**: Cost of goods sold increased to $1,507.2 million in Q1 2026 from $1,495.5 million in Q1 2025. - **Selling and Administrative Expenses**: Selling and administrative expenses were $145.0 million in Q1 2026, up from $101.0 million in Q1 2025. - **Restructuring Charges**: Restructuring charges were $9.1 million in Q1 2026, compared to $4.0 million in Q1 2025. - **Interest Expense**: Interest expense was - $43.2 million in Q1 2026, an improvement from - $48.5 million in Q1 2025. - **Interest Income**: Interest income was $1.1 million in Q1 2026, slightly down from $1.2 million in Q1 2025. - **Non-operating Pension Income**: Non-operating pension income was $3.5 million in Q1 2026, decreasing from $5.7 million in Q1 2025. - **Income Tax (Benefit) Provision**: The company reported an income tax benefit of - $35.3 million in Q1 2026, contrasting with an income tax provision of $0.9 million in Q1 2025. - **Depreciation and Amortization**: Depreciation and amortization expenses were $117.2 million in Q1 2026, down from $132.2 million in Q1 2025. - **Legacy Litigation Charges**: Q1 2026 adjusted EBITDA excludes legacy litigation charges of $36.1 million. #### Segment Performance - **Chlor Alkali Products and Vinyls**: This segment reported a loss of - $44.5 million in Q1 2026, compared to earnings of $78.3 million in Q1 2025, with results including $36.1 million in legacy litigation costs. - **Epoxy**: The Epoxy segment’s loss improved to - $2.9 million in Q1 2026 from - $28.4 million in Q1 2025, driven by lower operating costs and higher volumes. - **Winchester**: Segment earnings decreased to $15.2 million in Q1 2026 from $22.8 million in Q1 2025, impacted by higher raw material and operating costs. #### Cash Flow and Liquidity - **Cash and Cash Equivalents**: The cash balance as of March 31, 2026, was $192.2 million. - **Net Debt**: Net debt was approximately $2.8 billion ($2,803.9 million) as of March 31, 2026. - **Net Debt to Adjusted EBITDA Ratio**: The net debt to adjusted EBITDA ratio was 5.1 times as of March 31, 2026. - **Available Liquidity**: Olin had available liquidity of approximately $1.3 billion as of March 31, 2026. - **Working Capital**: Working capital increased by $56.8 million in Q1 2026. - **Net Operating Activities (Cash Flow)**: Net cash used in operating activities was - $48.6 million in Q1 2026, an improvement from - $86.0 million in Q1 2025. - **Net Investing Activities (Cash Flow)**: Net cash used in investing activities was - $43.0 million in Q1 2026, compared to - $62.4 million in Q1 2025. - **Net Financing Activities (Cash Flow)**: Net cash provided by financing activities was $116.2 million in Q1 2026, compared to $146.6 million in Q1 2025. - **Capital Expenditures**: Capital expenditures were - $43.7 million in Q1 2026, a decrease from - $61.4 million in Q1 2025. #### Dividends - **Dividends per Common Share**: A dividend of $0.20 per common share was declared on April 29, 2026, payable on June 12, 2026. #### Outlook Olin Corporation forecasts second quarter 2026 adjusted EBITDA to be in the range of $160 million to $200 million. This improvement is expected to be driven by seasonally stronger demand and improved pricing for ethylene dichloride, caustic soda, and epoxy resins in their Chemicals businesses. The Winchester business anticipates sequential earnings growth supported by improving commercial and military demand. ### Related Stocks - [OLN.US](https://longbridge.com/en/quote/OLN.US.md) ## Related News & Research - [Factorial Files Super 8-K Containing Q1 2026 Financial Results | FAC Stock News](https://longbridge.com/en/news/289602927.md) - [Bank of America could exceed 15% market revenue growth in Q2](https://longbridge.com/en/news/289209205.md) - [XOMA Royalty expects HoldCo acquisition to close ~July 14; redeems preferred stock](https://longbridge.com/en/news/289643039.md) - [General Atlantic Secures Board Rights at Liftoff Mobile with 15% Stake](https://longbridge.com/en/news/289644338.md) - [Sailfish Royalty Declares Q2 2026 Dividend | SROYF Stock News](https://longbridge.com/en/news/289456111.md)