The company reported adjusted EBITDA of $191.3 million for the period ending June 30, a rise from the $176.1 million recorded in the same quarter last year. CEO Ken Lane attributed the mixed performance to a combination of favorable pricing in the Chlor Alkali and Vinyls segment and ongoing structural cost-saving initiatives. However, these gains were partially offset by an operational disruption at a vinyl chloride monomer plant in Freeport, Texas, which cost the company $40 million in adjusted EBITDA during the quarter.

While the company works to restore full capacity at the Freeport facility, management expects third-quarter results to remain comparable to current levels. The outlook is tempered by weaker ethylene dichloride pricing and reduced operating rates, though the company anticipates some relief from seasonal demand in its Winchester ammunition business. Olin, which recently announced a definitive merger agreement with Huntsman Corporation, continues to navigate a complex macroeconomic environment with approximately $1.2 billion in available liquidity.