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NEW YORK (TheStreet) -- Olin Corporation (OLN) - Get Olin Corporation Report slid in extended trading following its fourth-quarter and full-year earnings release. After the bell, shares had taken off 8.1% to $24.73, after edging 0.26% higher over Monday's session.

The industrial chemical producer posted fourth-quarter net income of 31 cents a share, in line with what analysts surveyed by Thomson Reuters had anticipated, but 27.9% lower than a year earlier. Revenue of $562.1 million was 4.3% lower than a year earlier and missed consensus by $24.36 million.

Full-year net income of $2.21 a share was 19.5% higher than in 2012 and came in as analysts had expected. Total sales of $2.5 billion were a 13.6% improvement over the previous year but missed consensus by $23.8 million.

"During 2013, Olin achieved $424.6 million of adjusted EBITDA, which is the highest in the history of the company. The record adjusted EBITDA was driven by record results in the Winchester business, which more than offset weaker year-over-year results in the Chlor Alkali business," said CEO Joseph D. Rupp in a statement.

For fiscal 2014, management expects adjusted EBITDA between $375 million and $425 million, compared to analyst expectations of $423.2 million.

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"This range reflects the view consistent with prior surges that the record level of demand currently being experienced in the Winchester business will begin to moderate during the second half of the year," said Rupp.

In the first quarter ending March, earnings per share are forecast in the range of 30 cents to 35 cents a share, far lower than analyst expectations of 45 cents a share. In particular, Chlor Alkai segment earnings are forecast to decline due to lower ECU netbacks (gross selling price less freight and discounts).

Olin's board has approved a quarterly dividend of 20 cents a share, payable on March 10 to shareholders of record at the close of Feb. 10.

TheStreet Ratings team rates OLIN CORP as a Buy with a ratings score of A+. The team has this to say about their recommendation:

"We rate OLIN CORP (OLN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."