The 10-second takeaway
For the quarter ended June 30 (Q2), Olin met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped. GAAP earnings per share dropped.
Margins contracted across the board.
Olin reported revenue of $652.2 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $659.7 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $508.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.56. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.52 per share. Non-GAAP EPS of $0.56 for Q2 were 11% lower than the prior-year quarter's $0.63 per share. GAAP EPS of $0.54 for Q2 were 8.5% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.6%, 450 basis points worse than the prior-year quarter. Operating margin was 11.3%, 290 basis points worse than the prior-year quarter. Net margin was 6.7%, 270 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $681.8 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $2.58 billion. The average EPS estimate is $2.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 579 members out of 596 rating the stock outperform, and 17 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Olin a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Olin is hold, with an average price target of $26.29.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Olin. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Olin to My Watchlist.