Olin (OLN) witnesses continued weakness in caustic soda pricing in Q1.

Shares of chemicals and ammunition specialist Olin (NYSE: OLN) dropped precipitously in early Thursday trading, and remain down 17.1% as of 11:35 a.m. EDT. Despite reporting better-than-predicted sales for the quarter ($1.42 billion, versus the $1.37 billion analysts had expected), Olin's loss was nearly twice as bad as analysts had expected -- $0.51 per diluted share. Olin ended up losing $0.51 per share in Q1, compared to a year-ago profit of $0.25 per share.

Olin (OLN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Olin Corporation (NYSE: OLN) announced today that its senior management team will review its first quarter 2020 financial results in an investor conference call on Thursday, April 30, 2020 at 10:00 a.m. Eastern time. Prepared remarks will be followed by a question and answer session.

Moody's Investors Service ("Moody's") assigned a Ba3 rating to Olin Corporation's ("Olin") proposed $500 million five year senior unsecured notes. "Olin's proposed debt issuance will enhance cash balances in advance of a $490 million payment to Dow Chemical and an ability to redeem up to $1.2 billion of debt in late 2020," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for Olin Corporation.

Olin (OLN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Olin (OLN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Olin Corporation...

Olin Corporation (NYSE: OLN) announced today the pricing of its previously announced private offering (the "Offering") of $500 million aggregate principal amount of 9.500% senior notes due 2025 (the "Senior Notes"). The initial offering price to investors will be 99.500% of the principal amount thereof. Olin expects to use the net proceeds of the Offering to fund general corporate purposes. The closing of the Offering is expected to occur on May 19, 2020, subject to customary closing conditions.

Moody's Investors Service, ("Moody's") affirmed Olin Corporation's ("Olin") Ba2 Corporate Family Rating ("CFR"), upgraded the ratings on the company's credit facilities to Baa3 from Ba2 based on improved positioning within the company's capital structure, and, in light of a credit agreement amendment that will result in meaningful secured debt in the company's capital structure, downgraded the senior unsecured debt ratings to Ba3 from Ba2. Moody's also upgraded the company's Speculative Grade Liquidity ("SGL") Rating to SGL-2 from SGL-3 based on greater expected cushion of compliance under amended financial maintenance covenants, ability to use the delayed draw term loan to fund an upcoming major payment, and several other liquidity-enhancing actions.

Olin (OLN) gains from its IT project investments, actions to improve its cost structure and the Lake City U.S. Army ammunition contract in the Winchester unit.

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Q1 2020 Olin Corp Earnings Call

Olin (OLN) delivered earnings and revenue surprises of -51.85% and 0.90%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

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Olin Corporation (NYSE: OLN) announced today that it intends to offer (the "Offering") $500 million aggregate principal amount of senior notes due 2025 (the "Senior Notes"), subject to market and other conditions. Olin expects to use the net proceeds of the Offering to fund general corporate purposes.

Moody's Investors Service ("Moody's") downgraded long-term ratings for Olin Corporation ("Olin"), including the Corporate Family Rating ("CFR") to Ba2 from Ba1 and senior unsecured debt ratings to Ba2 from Ba1, and downgraded the company's Speculative Grade Liquidity Rating ("SGL") to SGL-3 from SGL-2. The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets.

The equity's 160-day moving average has meant more downside in the past

With me this morning is John Fischer, Olin's Chairman, President and Chief Executive Officer; Pat Dawson, Executive Vice President, Corporate Strategy and International; Jim Varilek, Executive Vice President and Chief Operating Officer; and Todd Slater, Vice President and Chief Financial Officer. Thank you, Steve, and good morning, everyone.

First Quarter 2020 Highlights