Winchester Sales Up Double Digits
The Olin Corp.-owned ammunition maker’s revenue grew 15% in the final quarter to $435.4 million compared to $395.4 million prior, primarily driven by higher military sales and military project revenue; commercial ammo sales were down. Segment operating earnings fell 36% to $42.0 million from $65.4 million due to lower commercial shipments, falling prices, and increased propellant costs. Depreciation and amortization totaled $9.1 million against ... Log in to view full article.
