Olin Corporation (OLN)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 141,700 191,600 343,500 424,800 559,300 743,200 984,400 1,347,200 1,676,000 1,823,200 1,959,600 1,756,200 1,538,700 1,147,100 -110,600 -608,000 -1,020,000 -1,128,300 -331,100 -195,900
Revenue (ttm) US$ in thousands 6,540,100 6,483,400 6,565,300 6,624,000 6,833,000 7,195,400 7,845,700 8,759,100 9,376,200 9,829,600 9,848,000 9,453,200 8,910,600 8,134,300 7,231,800 6,251,700 5,758,000 5,491,000 5,630,000 5,981,700
Pretax margin 2.17% 2.96% 5.23% 6.41% 8.19% 10.33% 12.55% 15.38% 17.88% 18.55% 19.90% 18.58% 17.27% 14.10% -1.53% -9.73% -17.71% -20.55% -5.88% -3.27%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $141,700K ÷ $6,540,100K
= 2.17%

The pretax margin of Olin Corporation has shown a gradual improvement over the period from March 31, 2020, to December 31, 2024. The company experienced negative pretax margins in the initial quarters, with values ranging from -3.27% in March 2020 to -20.55% in September 2020. However, beginning in the last quarter of 2021, the pretax margin started to improve consistently. It turned positive in September 2021 at 14.10% and continued to increase, reaching 19.90% by June 30, 2022.

Although there was a slight decline in the pretax margin in the following quarters, it remained above 10%, indicating a relatively healthy financial performance. By December 31, 2024, the pretax margin had stabilized at 2.17%, showing that Olin Corporation had managed to strengthen its operating efficiency and profitability during the analyzed period.