Winchester Plans Price Increases after Profits Drop in Q4
Olin’s ammunition segment sales grew 3% to $449.4 million from $435.4 million in the final quarter, but operating income plunged to just $0.6 million from $42.0 million. The barely breakeven bottom line was blamed on a combination of a weak commercial business and rising operating and raw material costs, including copper, brass, and propellant. Depreciation and ... Log in to view full article.
