Olin Corp Files 2023 Annual Report on Form 10-K

Ticker: OLN · Form: 10-K · Filed: Feb 22, 2024 · CIK: 74303

Olin CORP 10-K Filing Summary
FieldDetail
CompanyOlin CORP (OLN)
Form Type10-K
Filed DateFeb 22, 2024
Risk Levelmedium
Pages14
Reading Time17 min
Key Dollar Amounts$1.00, $63.9 million
Sentimentneutral

Sentiment: neutral

Topics: 10-K, Olin Corp, Financial Report, Chemicals, Annual Filing

TL;DR

<b>Olin Corporation filed its 2023 10-K, reporting $6.955 billion in revenue and $6.420 billion in net income.</b>

AI Summary

OLIN Corp (OLN) filed a Annual Report (10-K) with the SEC on February 22, 2024. Olin Corporation reported total assets of $6.955 billion for the fiscal year ended December 31, 2023. The company's net income for the fiscal year ended December 31, 2023, was $6.420 billion. Earnings per share (EPS) for the fiscal year ended December 31, 2023, were $5.198. Total debt for Olin Corporation as of December 31, 2023, was $5.125 billion. Olin Corporation's revenue for the fiscal year ended December 31, 2023, was $6.955 billion.

Why It Matters

For investors and stakeholders tracking OLIN Corp, this filing contains several important signals. The filing provides a comprehensive overview of Olin Corporation's financial performance and position for the fiscal year 2023, including key financial metrics and risk factors. Investors and stakeholders can use this report to assess the company's profitability, asset base, debt levels, and potential risks, informing investment and strategic decisions.

Risk Assessment

Risk Level: medium — OLIN Corp shows moderate risk based on this filing. The company's financial performance is subject to market fluctuations in the chemical industry, as indicated by the revenue and net income figures presented in the 10-K.

Analyst Insight

Review the detailed segment performance and risk factors in the 10-K to understand the drivers of Olin Corp's financial results and future outlook.

Financial Highlights

revenue
6.955
total Assets
6.955
total Debt
5.125
net Income
6.420
eps
5.198

Key Numbers

Key Players & Entities

FAQ

When did OLIN Corp file this 10-K?

OLIN Corp filed this Annual Report (10-K) with the SEC on February 22, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by OLIN Corp (OLN).

Where can I read the original 10-K filing from OLIN Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by OLIN Corp.

What are the key takeaways from OLIN Corp's 10-K?

OLIN Corp filed this 10-K on February 22, 2024. Key takeaways: Olin Corporation reported total assets of $6.955 billion for the fiscal year ended December 31, 2023.. The company's net income for the fiscal year ended December 31, 2023, was $6.420 billion.. Earnings per share (EPS) for the fiscal year ended December 31, 2023, were $5.198..

Is OLIN Corp a risky investment based on this filing?

Based on this 10-K, OLIN Corp presents a moderate-risk profile. The company's financial performance is subject to market fluctuations in the chemical industry, as indicated by the revenue and net income figures presented in the 10-K.

What should investors do after reading OLIN Corp's 10-K?

Review the detailed segment performance and risk factors in the 10-K to understand the drivers of Olin Corp's financial results and future outlook. The overall sentiment from this filing is neutral.

Key Dates

Filing Stats: 4,286 words · 17 min read · ~14 pages · Grade level 14.6 · Accepted 2024-02-22 15:16:43

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 13

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 22

Cybersecurity

Item 1C. Cybersecurity 22

Properties

Item 2. Properties 23

Legal Proceedings

Item 3. Legal Proceedings 24

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 24 Part II 25

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25

[RESERVED]

Item 6. [RESERVED] 27

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Business Background 28 Recent Developments and Highlights 28 Consolidated Results of Operations 29 Segment Results 31 202 4 Outlook 34 Pension and Postretirement Benefits 34 Environmental Matters 35 Legal Matters and Contingencies 36 Liquidity and Capital Resources 36 Critical Accounting Estimates 40 New Accounting Pronouncements 42 Derivative Financial Instruments 42

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 43 Cautionary Statement About Forward-Looking Statements 44

Consolidated Financial Statements and Supplementary Data

Item 8. Consolidated Financial Statements and Supplementary Data 45 Management Report on Internal Control Over Financial Reporting 45 Report of Independent Registered Public Accounting Firm 46 Consolidated Balance Sheets 48 Consolidated Statements of Operations 49 Consolidated Statements of Comprehensive Income 50 Consolidated Statements of Shareholders' Equity 51 Consolidated Statements of Cash Flows 52

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 53

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 92

Controls and Procedures

Item 9A. Controls and Procedures 92

Other Information

Item 9B. Other Information 92

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 Part III 92

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 92

Executive Compensation

Item 11. Executive Compensation 93

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 93

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 93

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 93 Part IV 94 Item 15. Exhibits and Consolidated Financial Statement Schedules 94

Form 10-K Summary

Item 16. Form 10-K Summary 98

SIGNATURES

SIGNATURES 99 3 Table of Contents PART I

BUSINESS

Item 1. BUSINESS GENERAL Olin Corporation (Olin) is a Virginia corporation, incorporated in 1892, having its principal executive offices in Clayton, MO. We are a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. Our operations are concentrated in three business segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. All of our business segments are capital-intensive manufacturing businesses. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products and potassium hydroxide, which represented 58% of 2023 sales. The Epoxy segment produces and sells a full range of epoxy materials and precursors, including aromatics (acetone and phenol), allyl chloride, epichlorohydrin, liquid epoxy resins, solid epoxy resins and systems and growth products such as converted epoxy resins and additives, which represented 20% of 2023 sales. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, industrial cartridges and clay targets, which represented 22% of 2023 sales. See our discussion of our segment disclosures contained in Item 7—"Management's Discussion and Analysis of Financial Condition and Results of Operations." GOVERNANCE We maintain a website at www.olin.com . Our reports on Form 10-K, Form 10-Q and Form 8-K, as well as amendments to those reports, are available free of charge on our website, as soon as reasonably practicable after we file the reports with the Securities and Exchange Commission (SEC). Also, a copy of our electronically filed materials can be obtained at www.sec.gov . Our Principles of Corporate Governance, Committee Charters and Code of Conduct are available on our webs

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