The Olin-owned ammunition maker saw Q4 sales increase 2% to $165.4 million from $161.4 million on higher military sales, but commercial sales declined and lower margins on military sales pulled earnings down to $11.1 million from $25.0 million for the fourth quarter. Commercial demand was lower across the board for pistol, rifle, and shotshell ammunition. For the full year, sales dipped 7% to $681.2 million from $729.3 million and segment income plunged 40% to $72.4 million from $120.9 million. Commercial ammunition sales declined 17% ... Log in to view full article.