Winchester’s Sales Grow, but Profits Don’t
Olin Corp.’s ammunition segment grew revenues by 14% in the third quarter to $432.8 million from $380.2 million, driven mainly by rising military and international sales and the addition of White Flyer, which more than offset lower commercial sales. Management commented that retailers are selling less ammo than expected, leading to elevated channel inventories and lower replenishment orders. The segment’s earnings dipped 17% to ... Log in to view full article.
