Winchester Grows Sales in Q3
Revenues at the Olin-owned ammunition maker increased 9% in the third quarter to $206.4 million from $188.7 million, helped by booming consumer demand that has been clearing ammunition off shelves as fast as retailers can restock. Segment operating income was up 51% to $21.0 million from $13.9 million, boosted by the higher sales volumes and the largest commercial ammunition price increase “in many years,” and would have been even better but for $5.7 million of transition costs related to the Lake ... Log in to view full article.