Olin Corporation (OLN) Earnings: Q3 2026 Results and Next Report Date
Last updated November 2026
Short answer
Olin reported revenue of $1.7 billion for Q3 2026, up 2% from a year earlier (Olin, Oct 29, 2026). Diluted EPS was $0.13, down 65% from $0.37. Chlor Alkali Products and Vinyls brought in $851 million, down 8%. Olin next reports around January 28, 2027 (an estimated date). Every figure is from Olin's release. Walnut is informational, not investment advice.
OLN Q3 2026 results
In one sentence
Olin reported revenue of $1.7 billion for Q3 2026, up 2% from a year earlier (Olin, Oct 29, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $1,748 million | $1,713 million | up 2% |
| Diluted EPS | $0.13 | $0.37 | down 65% |
| Net income | $14.4 million | $42.8 million | down 66% |
The quarter ended September 30, 2026 and Olin published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.
- On June 15, 2026, Olin agreed to an all-stock merger of equals with Huntsman to form OlinHuntsman Corporation. Huntsman holders would receive 0.5476 Olin shares per share, and Olin expects the deal to close in the first quarter of 2027. Q3 2026 results include $13.7 million of acquisition-related costs for it.
- The Blue Water Alliance joint venture, whose trading volumes were part of Chlor Alkali Products and Vinyls sales, ended operations at the end of 2025.
Source: Olin Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
OLN revenue by segment
How Olin splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Sales by segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Chlor Alkali Products and Vinyls | $851 million | $924 million | down 8% |
| Epoxy | $412 million | $350 million | up 18% |
| Winchester | $485 million | $440 million | up 10% |
- Olin's Chlor Alkali Products and Vinyls revenue was $851 million in Q3 2026, down 8% from $924 million in Q3 2025, 49% of total revenue.
- Olin's Epoxy revenue was $412 million in Q3 2026, up 18% from $350 million in Q3 2025, 24% of total revenue.
- Olin's Winchester revenue was $485 million in Q3 2026, up 10% from $440 million in Q3 2025, 28% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
Olin's outlook for Q4 2026
From the earnings release
Olin gives an adjusted EBITDA range for the next quarter and no sales or EPS outlook.
In its Q3 2026 release, Olin said:
“Fourth quarter 2026 adjusted EBITDA is expected to be in the range of $80 million to $100 million.”
Source: Olin Q3 2026 release, Oct 29, 2026.
This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the OLN forecast page.
OLN recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $1,748 million | $0.13 | Oct 29, 2026 |
Q2 2026 ended Jun 30, 2026 | $1,742 million | -$0.12 | Jul 30, 2026 |
Q1 2026 ended Mar 31, 2026 | $1,583 million | -$0.73 | May 7, 2026 |
Q4 2025 ended Dec 31, 2025 | $1,665 million | -$0.75 | Jan 29, 2026 |
Q3 2025 ended Sep 30, 2025 | $1,713 million | $0.37 | Oct 27, 2025 |
GAAP sales and diluted EPS, each as first reported in that quarter's release.
When does OLN report earnings next?
Olin's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.
Past Olin quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Oct 29, 2026
What Olin's revenue is made of
Olin reports three segments. In Q3 2026, Chlor Alkali Products and Vinyls had sales of $850.8 million, Winchester ammunition $484.7 million and Epoxy $412.2 million, for total sales of $1,747.7 million, up $34.5 million, or 2%, from $1,713.2 million. (Olin Q3 2026 release, Oct 29, 2026; Olin Form 10-Q, Q3 2026, Oct 30, 2026)
Chlor Alkali Products and Vinyls sales fell from $924.0 million because of lower volumes, mainly lower trading volumes from the Blue Water Alliance joint venture, which ended at the end of 2025, and lower VCM volumes, partly offset by higher pricing. Caustic soda sales were $363.2 million, against $410.2 million, and chlorine, chlorine derivatives and other products $487.6 million, against $513.8 million. Olin said operating issues at its Freeport, Texas VCM plant cost $32.1 million in higher costs and lost sales. (Olin Q3 2026 release, Oct 29, 2026; Olin Form 10-Q, Q3 2026, Oct 30, 2026)
Epoxy sales rose to $412.2 million from $349.6 million on higher volumes and pricing. Aromatics and allylics brought in $169.8 million and epoxy resins and formulated solutions $242.4 million. (Olin Q3 2026 release, Oct 29, 2026; Olin Form 10-Q, Q3 2026, Oct 30, 2026)
Winchester sales rose to $484.7 million from $439.6 million. Commercial ammunition sales were $206.6 million, against $168.9 million, and military and law enforcement $278.1 million, against $270.7 million. Winchester runs the Lake City Army Ammunition Plant in Independence, Missouri, making 5.56mm, 7.62mm and .50 caliber military rounds under a U.S. Army contract. (Olin Form 10-Q, Q3 2026, Oct 30, 2026; Olin Form 10-K, 2025, Feb 20, 2026)
Olin's sales are mostly domestic. United States customers accounted for $1,223.3 million of Q3 2026 sales, or about 70%, with $142.1 million from Europe and $382.3 million from other foreign markets. (Olin Form 10-Q, Q3 2026, Oct 30, 2026)
What Olin's EPS includes
Olin reports GAAP EPS only, with no adjusted EPS. Q3 2026 diluted EPS was $0.13, against $0.37 a year earlier, on net income of $14.4 million, against $42.8 million. The quarter carried $13.7 million of acquisition-related costs for the Huntsman merger and $1.7 million of restructuring charges. (Olin Q3 2026 release, Oct 29, 2026)
Chlor Alkali Products and Vinyls earnings included a $5.0 million pretax benefit, against $32.0 million a year earlier, mainly from the Section 45V clean hydrogen production tax credit. Olin's effective tax rate was 15.8% on income before taxes of $17.1 million, against a negative rate of 5.3% in Q3 2025. (Olin Q3 2026 release, Oct 29, 2026; Olin Form 10-Q, Q3 2026, Oct 30, 2026)
Average diluted shares were 115.0 million, against 115.1 million. Olin repurchased no stock in the first nine months of 2026, against $40.4 million a year earlier, and paid a $0.20 quarterly dividend. (Olin Q3 2026 release, Oct 29, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Olin
Olin gives a one-quarter adjusted EBITDA range in its release and no sales or EPS outlook. For Q4 2026 it expects adjusted EBITDA of $80 million to $100 million, against $191.4 million in Q3 2026, citing normal seasonality, year-end customer destocking in Chemicals, higher feedstock costs, subsidized Asian exports and planned maintenance turnarounds. (Olin Q3 2026 release, Oct 29, 2026)
In its 10-Q Olin said it expects about $35 million to $40 million of acquisition-related costs for the Huntsman merger in 2026 and environmental expenses of $25 million to $30 million. (Olin Form 10-Q, Q3 2026, Oct 30, 2026)
A consensus figure is the average of the models published by the analysts who cover Olin, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Olin
The figures below are the ones Olin's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Adjusted EBITDA | $191.4 million, against $222.4 million Q4 2026 outlook: $80 million to $100 million Olin Q3 2026 release, Oct 29, 2026 |
| Chlor Alkali Products and Vinyls segment earnings | $71.3 million, against $127.6 million Freeport VCM operating issues cost $32.1 million Olin Q3 2026 release, Oct 29, 2026 |
| Epoxy segment earnings | $0.6 million, against a $32.2 million loss Olin Q3 2026 release, Oct 29, 2026 |
| Winchester segment earnings | $33.8 million, against $19.3 million Commercial ammunition sales $206.6 million, against $168.9 million Olin Q3 2026 release, Oct 29, 2026; Olin Form 10-Q, Q3 2026, Oct 30, 2026 |
| Net debt to adjusted EBITDA | 5.2 times, against 3.7 a year earlier Net debt $2,798.3 million Olin Q3 2026 release, Oct 29, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning OLN is on is OLN a buy or a sell?, what analysts expect next is on the OLN forecast, and what the company does is on the Olin Corporation (OLN) stock page.
How to check OLN's figures yourself
Every number on this page can be traced to a document Olin published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Olin
Ask Walnut's AI anything about OLN and see how it fits what you own.
FAQ
What was Olin's revenue last quarter?
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Olin reported revenue of $1,748 million for Q3 2026, the quarter ended September 30, 2026, against $1,713 million in Q3 2025 (up 2%). The figures come from Olin's results release of October 29, 2026.
What guidance did Olin give for Q4 2026?
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Olin gives an adjusted EBITDA range for the next quarter and no sales or EPS outlook. In its Q3 2026 release, Olin said: "Fourth quarter 2026 adjusted EBITDA is expected to be in the range of $80 million to $100 million." That is the company's own outlook as of Oct 29, 2026, and companies revise outlooks as the quarter goes on.
When does OLN report earnings next?
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Olin's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 2026 until those results are out and checked against the release.
Where does Olin's revenue come from?
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Olin's Chlor Alkali Products and Vinyls revenue was $851 million in Q3 2026, down 8% from $924 million in Q3 2025, 49% of total revenue. Olin's Epoxy revenue was $412 million in Q3 2026, up 18% from $350 million in Q3 2025, 24% of total revenue. Olin's Winchester revenue was $485 million in Q3 2026, up 10% from $440 million in Q3 2025, 28% of total revenue. These are the lines of Olin's own "sales by segment" table for Q3 2026.
How much did Olin's revenue grow last quarter?
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Up 2% on the year: $1,748 million in Q3 2026 against $1,713 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Olin's business do not distort it.
Where do the OLN numbers on this page come from?
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From Olin's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Olin's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.