Raymond James Financial Services Advisors Cuts Holdings in Struggling Olin Co.

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Olin Corporation ($NYSE:OLN) is a chemical manufacturing giant that is currently facing a difficult period of financial struggle. This has been demonstrated by Raymond James Financial Services Advisors Inc. who recently announced that they have drastically reduced their holdings in Olin Co. This news comes as the company fails to meet the market’s earnings expectations. Olin Corporation has a long history of success as one of the largest chemical companies in the world. Olin is also involved in metal products, ammunition, and industrial materials as part of its overall product offering. Further to this, Olin Corporation is also heavily invested in research and development, with the goal of creating higher value for customers through innovation and disruption.

However, the recent struggles that the company is currently facing have meant that investors are increasingly becoming wary of the stock. Despite these struggles, Olin Corporation remains an important player in the chemical industry and it is hoped that the company will be able to turn things around soon. As such, Raymond James Financial Services Advisors Inc.’s decision to cut back their holdings in Olin Co. is indicative of the current situation that the company is in and it will be interesting to see how the business fares in the near future.

Earnings

Raymond James Financial Services Advisors Inc. recently reported a decrease in holdings of struggling Olin Co., reflecting the company’s financial struggles in the first quarter of fiscal year 2023. As of March 31 2023, the company earned total revenue of 1844.3M USD and a net income of 156.3M USD; compared to the previous year, there was a 25.1% decrease in total revenue and a 60.2% decrease in net income. In the last three years, OLIN CORPORATION’s total revenue has decreased from 1918.8M USD to 1844.3M USD. The decrease in total revenue and net income reflects the financial woes of the company and Raymond James Financial Services Advisors Inc.’s decision to reduce holdings is indicative of this.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Olin Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Olin Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Olin Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Olin Corporation are shown below. More…

Share Price

This came as the company’s stock opened at $48.6 and closed at $47.3, down by 3.8% from the previous day’s closing price of $49.2. This drop in stock price indicates that investors are losing confidence in the struggling company, which has experienced a significant decline in its share value since the start of the year. The sale of the stock by Raymond James reflects this downturn, and adds to the uncertainty surrounding OLIN CORPORATION‘s future. Live Quote…

Analysis

GoodWhale has analyzed OLIN CORPORATION‘s financials, and based on our Risk Rating system, it is a medium risk investment. We have detected three risk warnings in the income sheet, balance sheet, and non-financial aspects. These risks are outlined in greater detail in the full report accessible to registered users. Potential investors should be aware of these risks when considering investing in OLIN CORPORATION. GoodWhale also provides other financial analysis and detailed information about the company’s operations and performance. Our reports provide investors with valuable insight into the company’s history, financials, and potential future performance. With GoodWhale, you can make an informed decision about whether or not investing in OLIN CORPORATION is right for you. More…

Peers

Olin Corp is a leading manufacturer of chlor alkali products, vinyls, and epoxy, with a significant presence in the global market. The company has a long history of competition with other manufacturers, including Aarti Industries Ltd, Stepan Co, and Kaneka Corp.

– Aarti Industries Ltd ($BSE:524208)

Aarti Industries Ltd is an Indian company that manufactures and sells chemicals. It has a market cap of 285.93B as of 2022 and a ROE of 17.74%. The company was founded in 1972 and is based in Mumbai, India.

– Stepan Co ($NYSE:SCL)

Stepan Co. has a market capitalization of $2.11 billion as of March 2022 and a return on equity of 11.75%. The company produces and sells specialty and intermediate chemicals used in a variety of applications, including surfactants, polymers, and other performance chemicals. Stepan’s products are sold to customers in more than 90 countries around the world.

– Kaneka Corp ($TSE:4118)

Kaneka Corporation is a Japanese chemical company with a market capitalization of 245.56 billion as of 2022. The company has a return on equity of 6.58%. Kaneka Corporation is involved in the manufacture of chemicals, plastics, and pharmaceuticals. The company was founded in 1934 and is headquartered in Osaka, Japan.

Summary

Olin Corporation is a chemical manufacturer and distributor that has experienced a series of financial struggles. Despite having a strong presence in the industry, its stock price has been trending downwards recently. This has led Raymond James Financial Services Advisors Inc. to reduce their holdings in the company.

Investors should take note of the company’s recent financial performance and the direction of the stock, as any further declines may cause further losses for investors. Analyzing the company’s financials and industry trends should be done before investing in Olin Corporation to ensure that any potential risks are properly assessed.