Olin (NYS: OLN) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Olin beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded. GAAP earnings per share expanded.
Margins dropped across the board.
Olin logged revenue of $630.0 million. The 10 analysts polled by S&P Capital IQ hoped for sales of $611.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $507.2 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 $0.52. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. Non-GAAP EPS of $0.52 for Q1 were 2.0% higher than the prior-year quarter's $0.51 per share. GAAP EPS of $0.50 for Q1 were 4.2% higher than the prior-year quarter's $0.48 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 19.9%, 260 basis points worse than the prior-year quarter. Operating margin was 12.2%, 180 basis points worse than the prior-year quarter. Net margin was 6.4%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $644.6 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $2.52 billion. The average EPS estimate is $2.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 578 members out of 595 rating the stock outperform, and 17 members rating it underperform. Among 136 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 134 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 $24.67.
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The article Olin Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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