Jan. 9 at 1:31 PM
Olin shares dropped roughly 8% after the chemicals manufacturer sharply reduced its fourth-quarter EBITDA guidance to about
$67 million, well below its previous forecast range of
$110 million to
$130 million. The cut reflects weaker-than-expected market conditions, including softer demand and continued pricing pressure across key end markets.
The revised outlook raised concerns among investors about near-term earnings visibility and the pace of recovery in the chemicals sector, prompting a selloff in the stock as the market reassessed Olin’s profitability outlook.
$OLN