Olin reaffirms FY17 adjusted EBITDA view $1B
The company said, "We expect second half 2017 adjusted EBITDA to be significantly higher than the first half 2017 levels. The second half 2017 adjusted EBITDA is forecast to benefit from reduced maintenance turnaround activity compared to the first half levels. This benefit is expected to be approximately $110M. The Chlor Alkali Products and Vinyls business is forecast to benefit in second half 2017 from stronger demand across all products, improved caustic soda and chlorine prices and lower ethylene costs. The second half 2017 Epoxy results are expected to benefit from more favorable pricing and lower raw material costs than were experienced in the first half 2017. In second half 2017, we expect Winchester will benefit from the seasonally strong third quarter commercial ammunition demand and an expected improvement in military sales. For FY17, we are reiterating our annual adjusted EBITDA forecast of approximately $1B with upside opportunities and downside risks of approximately 5%."