Clayton-based Olin Corp.’s fourth quarter profit increased 85 percent, driven by strong sales of ammunition to commercial, military and law enforcement customers.
Olin reported a profit of $34.6 million, or 43 cents a share, for the fourth quarter that ended Dec. 31. That’s up from an $18.7 million profit, or 23 cents a share, a year ago. Sales in the fourth quarter increased to $587.6 million, up from $445.8 million a year ago.
In Olin’s Winchester ammunition unit, sales increased to $155.8 million in the fourth quarter, up from $122.5 million a year ago.