Epoxy Profit Surge

On the operational front, the epoxy segment returned to profitability during Q1, driven by the company’s status as the last integrated epoxy producer in Europe and cost advantages from its Gulf Coast assets. Olin raised prices for caustic soda, epoxy resins and related products by over $1,200 per ton in North America and €1,300 per metric ton in Europe, and the company amended its bank credit facilities to provide greater covenant flexibility through 2027. The Freeport vinyls outage is expected to weigh on Q2 earnings, but management forecasts Q2 adjusted EBITDA of $160 million to $200 million, citing improved pricing and higher seasonal demand. Q1 adjusted EBITDA was approximately $86 million; net debt and leverage rose due to seasonal working‑capital needs and payments to resolve legacy litigation.