OLIN Corp

In the third quarter 2024, our Chemicals businesses were able to safely return multiple Freeport, TX, plants to operation after Hurricane Beryl, completing our efforts during October. In the third quarter 2024, we incurred a negative $109.4 million impact from Hurricane Beryl, and we anticipate a residual negative fourth quarter impact of approximately $25 million on our Chemicals businesses’ results. Excluding the Hurricane Beryl impact, we expect our Chemicals businesses’ fourth quarter 2024 results to seasonally decline from the third quarter 2024.

We expect our Winchester business fourth quarter results to decline from third quarter levels with seasonally weaker commercial ammunition demand and inventory destocking by our retail customers.

Other corporate and unallocated costs in 2024 are expected to be comparable with the $106.3 million in 2023.

During 2024, we anticipate environmental expenses in the $25 million to $30 million range, compared to $23.7 million in 2023.

We expect non-operating pension income in 2024 to be similar to the $24.0 million in 2023. Based on our plan assumptions and estimates, we will not be required to make any cash contributions to our domestic qualified defined benefit pension plan in 2024. We have several international qualified defined benefit pension plans for which we anticipate cash contributions of less than $5 million in 2024.

In 2024, we currently expect our capital spending to be approximately $200 million, including approximately $10 million of additional capital associated with Hurricane Beryl. Our payments under other long-term supply contracts for energy modernization on the U.S. Gulf Coast will be $58.6 million as we made our final payment during the third quarter 2024. We expect 2024 depreciation and amortization expense to be approximately $525 million.

We currently believe the 2024 effective tax rate will be in the 25% to 30% range and cash taxes paid to be approximately $110 million.