Winchester Profits Plunge as Ammo Prices Drop
Olin Corp.’s ammunition segment sales inched up 2% to $439.6 million from $432.8 million in the third quarter, but operating profit dropped 64% to $19.3 million from $53.4 million. The top line was driven by strong military sales that more than offset lower commercial ammunition sales, as the seasonal tailwind was smaller than expected and ... Log in to view full article.
