Winchester parent Olin Corp. said that ammunition sales dipped 18% to $320.0 million from $390.6 million in the final quarter due to decreasing demand that is now just replenishing at the rate of customer sales. Operating income plunged 55% to $45.7 million from $101.8 million last year, despite higher pricing. Reflecting the lower demand, Winchester is reducing production of commercial ammunition, though it expects military and law enforcement shipments to remain strong. ... Log in to view full article.