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Non-Tech : Olin - My favorite Company

OLN 20.81

-6.8%

3:59 PM EST

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To: richardred who wrote (85)	10/2/2007 9:21:29 AM
From: richardred	of 170

Olin Affirms 3Q Guidance, Strategy Tuesday October 2, 9:15 am ET Olin Stays With 3Q Earnings Outlook and Will Expand Chlor Alkali As Metals Business Slows NEW YORK (AP) -- Olin Corp. affirmed its third-quarter earnings outlook on Tuesday and said it will expand its chlorine and caustic soda business as it shifts away from its costly metals division. Olin's goal is to expand the Chlor Alkali division by using all its production capacity and focusing on cost reductions, the company said in an 8-K filing with the Securities and Exchange Commission. The chemical maker expects to expand bleach sales through joint ventures and its purchase of Pioneer Companies Inc., which will increase its annual output by 130 million gallons per year. Olin reiterated its profit guidance of 40 cents per share for the third quarter, first announced in July. The figure excludes any impact from its acquisition of Pioneer and includes about $6 million in inventory liquidation gains from planned metals inventory reductions. Olin expects improved Winchester ammunition segment earnings in the third quarter, a traditionally strong pre-hunting season, and lower metals sales due to planned maintenance shutdowns. biz.yahoo.com

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