Olin expects 2Q profit flat with or below 1Q

By Associated Press April 29, 2008 Comments (0)

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Olin Corp. predicted late Monday that its second-quarter profit will remain flat or decline sequentially, as it expects earnings in its chlor alkali products unit to rise slightly and earnings in its Winchester unit to decline.

The chemicals and ammunition maker expects net income of 45 cents to 50 cents per share in the period; in the first quarter, it earned 50 cents per share.

Analysts polled by Thomson Financial expect a profit of 49 cents per share in the quarter.

Olin's chlor alkali products segment manufactures chlorine, caustic soda, bleach products and a variety of other chemicals. Its Winchester segment's products include ammunition and related components.

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