Olin Corporation (OLN) Q2 2010 Earnings Call Transcript July 23, 2010 10:00 am ET Executives Joseph Rupp – President, Chairman and CEO John Fischer – VP and CFO John McIntosh – VP and President, Chlor Alkali Products Division Analysts Frank Mitsch – BB&T Capital Edward Yang – Oppenheimer Christopher Butler – Sidoti & Company Adam France – 1492 Capital PresentationOperator
Good day, ladies and gentlemen, and welcome to the second quarter Olin Corporation earnings conference call. My name is Kianna, and I will be your operator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator instructions) As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Mr. Joseph Rupp, President, Chairman, and CEO. You may proceed. Joseph Rupp Good morning. Thank you for joining us today. With me this morning are John Fischer, Vice President, Chief Financial Officer; John McIntosh, Vice President and President of our Chlor Alkali Products Business; and, Larry Kromidas, our Assistant Treasurer and Director of Investor Relations. Last night, we announced that net income in the second quarter of 2010 was $16.9 million or $0.21 per diluted share, compared to $27.8 million or $0.36 per diluted share in the second quarter of 2009. Second quarter 2010 results in our Winchester chlor alkali business has improved, compared to the first quarter of 2010. These improvements were partially offset by a higher effective tax rate in the second quarter of 2010.