Olin Corp (NYSE:OLN) Q3 2022 Earnings Conference Call October 27, 2022 9:00 AM ET

Company Participants

Steve Keenan - Director, IR

Scott Sutton - President, CEO & Chairman

Todd Slater - SVP & CFO

Conference Call Participants

Kevin McCarthy - Vertical Research Partners

Hassan Ahmed - Alembic Global Advisors

Aleksey Yefremov - KeyBanc Capital Markets

Michael Sison - Wells Fargo Securities

Frank Mitsch - Fermium Research

Arun Viswanathan - RBC Capital Markets

Matthew Blair - Tudor, Pickering, Holt

Alyssa Steinberg - Morgan Stanley

Eric Petrie - Citigroup

Operator

Good morning, and welcome to Olin Corporation's Third Quarter 2020 Earnings Conference Call. Good morning, and welcome to Olin Corporation's Third Quarter 2022 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Steve Keenan, Olin's Director of Investor Relations. Please go ahead, Steve.

Steve Keenan

Thank you, Jay. Good morning, everyone, and thank you for joining us today. Before we begin, let me remind you that this discussion, along with the associated slides and the question-and-answer session that follows, will include statements regarding estimates or expectations of future performance. Please note that these are forward-looking statements and that actual results could differ materially from those projected. Some of the factors that could cause actual results to differ from our projections are described without limitations in the Risk Factors section of our most recent Form 10-K and in yesterday's third quarter earnings press release.

A copy of today's transcript and slides will be available on our website in the Investors section under past events. Our earnings press release and other financial data and information are available under press releases. With me this morning are Scott Sutton, Olin's CEO; and Todd Slater, Olin's CFO. Scott will make some brief remarks, after which we will be happy to take your questions. I'll now turn the call over to Scott Sutton.

Scott Sutton

Thanks, Steve, and good morning to everyone. The Olin team is all about delivering on opportunities. We have 2 major opportunities before us. I'll start with opportunity, number one. We are experiencing recessionary conditions, and the opportunity is to show Olin will perform remarkably different than history may indicate. Over the next 4 quarters, we forecast delivering more than $1.1 billion of levered free cash flow.

This is remarkably different. Don't worry that we had to pull back from the EDC market, while prices cratered, creating a major PBC value morass and don't worry that we had to optimize our epoxy participation to support our advanced partners while Asia liquidity temporarily lowered others. These necessary activities are respectful of our core theme to focus on value, set our market participation based on the weak side of the ECU and by liquidity where necessary to lift the value of the ECU, which we did in the third quarter.