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OLIN Corp

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

OLN$17.31-4.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Form 10-K

(Mark One)

For the fiscal year ended December 31, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-1070

OLIN CORPORATION

(Exact name of registrant as specified in its charter)

Virginia13-1872319
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
190 Carondelet Plaza,Suite 1530,Clayton,MO63105
(Address of principal executive offices)(Zip code)

Registrant’s telephone number, including area code: (314)480-1400

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:Trading symbol:Name of each exchange on which registered:
Common Stock, $1.00 par value per shareOLNNew York Stock Exchange

Securities registered pursuant to section 12(g) of the Act: None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☒ Accelerated filer☐ Non-accelerated filer☐Smaller reporting company☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

As of June 30, 2024, the aggregate market value of registrant’s common stock, $1.00 par value per share, held by non-affiliates of registrant was approximately $5,520,518,211 based on the closing sale price as reported on the New York Stock Exchange as of the last business day of the registrant’s most recently completed second fiscal quarter.

As of January 31, 2025,115,423,860 shares of the registrant’s common stock were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the following document are incorporated by reference in this Form 10-K as indicated herein:

DocumentPart of 10-K into which incorporated
Proxy Statement relating to Olin’s Annual Meeting of Shareholders to be held in 2025Part III
Part I4
Item 1.Business4
Item 1A.Risk Factors13
Item 1B.Unresolved Staff Comments23
Item 1C.Cybersecurity23
Item 2.Properties24
Item 3.Legal Proceedings24
Item 4.Mine Safety Disclosures24
Part II25
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities25
Item 6.[RESERVED]27
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations28
Business Background28
Recent Developments and Highlights28
Consolidated Results of Operations30
Segment Results32
2025 Outlook35
Pension and Postretirement Benefits35
Environmental Matters36
Legal Matters and Contingencies37
Liquidity and Capital Resources37
Critical Accounting Estimates41
New Accounting Pronouncements43
Derivative Financial Instruments43
Item 7A.Quantitative and Qualitative Disclosures About Market Risk44
Cautionary Statement About Forward-Looking Statements45
Item 8.Financial Statements and Supplementary Data46
Management Report on Internal Control Over Financial Reporting46
Report of Independent Registered Public Accounting Firm47
Consolidated Balance Sheets49
Consolidated Statements of Operations50
Consolidated Statements of Comprehensive Income51
Consolidated Statements of Shareholders’ Equity52
Consolidated Statements of Cash Flows53
Notes to Consolidated Financial Statements54
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure92
Item 9A.Controls and Procedures92
Item 9B.Other Information92
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections92
Part III93
Item 10.Directors, Executive Officers and Corporate Governance93
Item 11.Executive Compensation93
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters93
Item 13.Certain Relationships and Related Transactions and Director Independence94
Item 14.Principal Accounting Fees and Services94
Part IV95
Item 15.Exhibits and Financial Statement Schedules95
SIGNATURES99
ContentsView on SEC.gov

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