Olin (NYS: OLN) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Olin beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Olin booked revenue of $581.2 million. The seven analysts polled by S&P Capital IQ predicted a top line of $549.9 million on the same basis. GAAP reported sales were 5.6% higher than the prior-year quarter's $550.2 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 $0.45. The eight earnings estimates compiled by S&P Capital IQ predicted $0.47 per share. GAAP EPS of $0.35 for Q3 were 40% lower than the prior-year quarter's $0.58 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 18.1%, 330 basis points worse than the prior-year quarter. Operating margin was 11.0%, 320 basis points worse than the prior-year quarter. Net margin was 4.9%, 370 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $526.4 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $2.10 billion. The average EPS estimate is $1.87.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 566 members out of 581 rating the stock outperform, and 15 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give Olin a green thumbs-up, and one 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 $22.83.
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The article Olin Misses Where it Counts originally appeared on Fool.com.
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