Olin's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Olin (OLN)

Q1 2012 Earnings Call

April 27, 2012 10:00 am ET

Executives

Joseph D. Rupp - Chairman, Chief Executive Officer, President and Chairman of Executive Committee

John E. Fischer - Chief Financial Officer and Senior Vice President

John L. McIntosh - Senior Vice President of Operations

Analysts

Frank J. Mitsch - Wells Fargo Securities, LLC, Research Division

Christopher W. Butler - Sidoti & Company, LLC

Aleksey V. Yefremov - BofA Merrill Lynch, Research Division

Donald Carson - Susquehanna Financial Group, LLLP, Research Division

Dmitry Silversteyn - Longbow Research LLC

Herbert Hardt - Monness, Crespi, Hardt & Co., Inc., Research Division

Edward H. Yang - Oppenheimer & Co. Inc., Research Division

Gregg A. Goodnight - UBS Investment Bank, Research Division

Jeffrey Linn Gates - Gates Capital Management, Inc.

Roman Kuznetsov

Presentation

Operator

Good morning, and welcome to Olin's First Quarter 2012 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Joseph Rupp, Chairman, President and CEO. Please go ahead, sir.

Joseph D. Rupp

Good morning, and thank you for joining us today. With me this morning are John Fischer, Senior Vice President and Chief Financial Officer; John McIntosh, our Senior Vice President of Operations; and Larry Kromidas, our Assistant Treasurer and Director of Investor Relations.

Last night, we announced that net income in the first quarter of 2012 was $38.7 million, or $0.48 per diluted share. First quarter 2012 net income included a $1.9 million pretax restructuring charge, primarily associated with our ongoing Winchester centerfire relocation project. Sales in the first quarter of 2012 were $507.2 million.

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