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The Epoxy business was able to partially offset these first quarter challenges through sequentially higher epoxy volumes, higher product pricing and lower raw material and operating costs.In the second quarter, the Epoxy business is expected to experience weakening demand from its automotive, industrial coatings and oil and gas-related customers in both Europe and North America.

This worldscale facility will benefit from more than a century of Winchester operational knowledge and experience.

Finally, the second quarter 2020 Epoxy adjusted EBITDA will include approximately $15 million of costs associated with the planned maintenance turnaround at our Freeport, Texas epichlorohydrin plant.We will now look at liquid epoxy resin prices, which are shown on slide eight. So that's the way to read the chart.Got it.

Olin's second quarter earnings release, including financial statements and segment information, will be distributed after the market closes on Wednesday, August 5, 2020 and will be posted to the company's website at that time. Please go ahead.Good morning. Or is that, for sure, happening in 2020?I would say, I think for any number of reasons, we would prefer that, that payment happen.Got it. I really appreciated the heat map on slide five. Investing Basics

The areas that you have flat, urethanes, auto, alumina, inorganic, it seems to me that a lot of other companies are saying those are down. This level of improved commercial demand has continued into the second quarter. And that plant, plus all of our plants, are undergoing temperature monitoring on the way in. And obviously, at the prices we've seen recently, that wouldn't qualify as an opportunity.

But not in the short term.This concludes the question-and-answer session. But on the existing $2 billion facility with the $1.2 billion delayed draw. Moving on to our Winchester business, which is summarized on slide nine. During the quarter, Olin experienced onetime events that reduced adjusted EBITDA by approximately $13 million. I would like to now turn the conference over to John Fischer for closing remarks.Yes. And then is there any way you could quantify your Epoxy volumes in the second quarter, maybe if you look at your April order book compared to Q1?

During the first quarter, European and North American liquid epoxy resin pricing improved sequentially from fourth quarter 2019 levels due to tight supply conditions.

The call will also be webcast live on the company's website at Following the live event, the webcast will remain available for replay on the company's website for one year.

Neither of these receivable programs impact our senior credit facility debt ratio covenants.We are continuing to evaluate all sources and uses of cash, including expanding our leasing portfolio, alternatives available to us under our senior credit facility, early retirement of outstanding debt and the ability to access the high-yield debt markets.

Please go ahead.Hey, good morning and thanks for the time. That's why we have it yellow here. Our European Epoxy business experienced a force majeure declaration by phenol supplier during the first quarter, which reduced epoxy resin and epoxy resin precursor production at our Stade, Germany facility. And then based on previous downturns, how long do you expect the demand imbalance between chlorine and caustic to last?

So I think we, at least in the short run, are bullish on caustic pricing.The next question comes from Hassan Ahmed from Alembic Global. Our operations are among businesses that have been considered essential by government and public health authorities.I will begin today's presentation with Olin's view on near-term market dynamics, followed by a discussion of the key highlights from Olin's first quarter, then close with a detailed review of each business segment. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator.

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, the first quarter of 2020 Form 10-Q and in yesterday's first quarter earnings press release. It's remaining relatively steady to where it has been.

Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Olin appears a compelling earnings-beat candidate.

Before we begin, let me remind you that this presentation, along with the associated slides and question-and-answer session following our prepared remarks, will include statements regarding estimates of future performance.

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