Ammunition Sales Boost Olin’s 4Q Profit

Photo Courtesy of St.Louis Post-Dispatch

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.

Read More in the St.Louis Post-Dispatch

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