Olin Corporation (NYSE:OLN) announced today it now expects third quarter 2022 adjusted EBITDA to be in the range of $530 – $550 million. On July 28, 2022, we previously guided third quarter 2022 adjusted EBITDA to decline approximately 15% from our second quarter 2022 adjusted EBITDA of $727 million.
Global Markets Today While US Was Sleeping
On Monday, July 24, the U.S. markets ended in green, with Dow Jones continuing its winning streak for the eleventh day, ahead of a week filled with earnings reports and a Federal Reserve meeting.
The Dow Jones Industrial Average closed higher by 0.52% at 35,411.24 on Monday; the S&P 500 closed 0.40% higher at 4,554.64; and the Nasdaq Composite rose 0.19% to 14,058.87.
