Winchester Sees Ammunition Demand Falling in 2017
Parent company Olin said Winchester operating income increased 15% to $25.0 million from $21.8 million in Q4 on sales that were 3% higher at $161.4 million vs. $156.7 million. For the full year, operating income was up 5% to $120.9 million from $115.6 million as revenues climbed 3% to $729.3 million from $711.4 million.
But OLN cautioned that Winchester may face headwinds in 2017 ... Log in to view full article.