<div id="readability-page-1"><div> <p>(RTTNews) - Olin Corporation (OLN), a manufacturer and distributor of chemical products, reported a first-quarter loss, primarily due to lower sales.</p> <p>Net loss attributable to Olin  was $83 million or $0.73 per share, compared with net income of $1.4 million or $0.01 per share in the prior-year quarter.</p> <p>The company posted an operating loss of $78.3 million, compared with operating income of $43.7 million a year earlier.</p> <p>Sales declined 3.7% to $1.583 billion from $1.644 billion last year.</p> <p>Olin shares closed at $26.76 on Thursday, down 7.08%. </p> <p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div></div>

<p>Olin Corporation reported a first-quarter net loss of $83 million, or $0.73 per share, compared to a net income of $1.4 million, or $0.01 per share, in the same quarter last year. The company also experienced an operating loss of $78.3 million, down from an operating income of $43.7 million a year earlier. Sales fell by 3.7% to $1.583 billion from $1.644 billion. Olin's shares closed at $26.76, reflecting a decline of 7.08%.</p>

Olin Turns To Q1 Loss, Sales Decline