Olin Earnings: Everything You Must Know Now

Olin Corp. (NYSE:OLN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Olin Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 8.47% to $0.54 in the quarter versus EPS of $0.59 in the year-earlier quarter.

Revenue: Rose 28.21% to $652.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Olin Corp. reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.52. It missed the average revenue estimate of $660.07 million.

Quoting Management: Joseph D. Rupp, Chairman, President, and Chief Executive Officer said, “During the second quarter of 2013, Olin generated $108.7 million of adjusted EBITDA, which is the highest second quarter level in the history of the company. The record adjusted EBITDA was driven by strong volumes and reduced costs in the Winchester business. We now believe that during 2013 Olin can generate adjusted EBITDA in the range of $425 million to $460 million.”

Key Stats (on next page)…

Revenue increased 3.52% from $630 million in the previous quarter. EPS increased 8% from $0.50 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.61 to a profit $0.62. For the current year, the average estimate is a profit of $2.13, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)