OLIN CORP
			Symbol			OLN

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Olin Announces Third Quarter 2009 Earnings

2009-10-26 17:36 ET - News Release

CLAYTON, MO -- (MARKET WIRE) -- 10/26/09

Olin Corporation (NYSE: OLN) announced today that its third quarter 2009 net income was $39.4 million, or $0.50 per diluted share, which compares to $37.7 million, or $0.49 per diluted share in the third quarter of 2008. Sales in the third quarter of 2009 were $397.0 million, compared to $502.9 million in the third quarter of 2008.

Joseph D. Rupp, Chairman, President, and Chief Executive Officer said, "For the third consecutive quarter Winchester achieved the highest level of earnings in its history, reflecting the combination of seasonally strong sales, the continuation of the stronger than normal demand that began in the fourth quarter of 2008, and lower costs. Winchester's earnings more than doubled in the third quarter of 2009 compared to the third quarter of 2008 driven by commercial sales which increased 22% year-over-year, and improved costs.

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