Robust Chlor Alkali Products and Vinyls Performance
The third quarter of 2025 saw strong performance in the Chlor Alkali Products and Vinyls business, with stable ECU values and higher ethylene dichloride volumes contributing to an 8% sequential improvement in adjusted EBITDA, excluding tax credits.
Section 45V Clean Hydrogen Tax Credit Eligibility
Olin secured eligibility for the Section 45V clean hydrogen production tax credits, resulting in a $32 million pre-tax benefit for the quarter. This is expected to provide an annual adjusted EBITDA benefit of $15 million to $20 million for 2026 through 2028.
Military Demand Boosts Winchester Segment
While commercial ammunition sales were weak, Winchester's military business showed strength, driven by growing domestic and international military demand, with NATO countries expanding their defense budgets.