Winchester Sales Soften in Q3
Revenues at Olin Corp.’s ammunition segment dipped 8% to $380.2 million in the third quarter from $414.1 million prior, as lower commercial sales more than offset growth in the domestic and international military segment. Military sales exceeded commercial for the first time ever last quarter. Segment earnings were off 28% at $64.5 million compared to $89.0 million, on lower commercial volumes and prices, and more low-margin military ... Log in to view full article.
