Olin Winchester Bullet Sales Surged Days Before Election
This article is for subscribers only.
Olin Corp., the biggest U.S. retail supplier of small-caliber ammunition, said a surge in sales for its Winchester bullets and shells that began days before November’s U.S. election will continue to bolster earnings through the third quarter.
Pretax earnings at the Winchester unit jumped to $16.5 million during the fourth quarter from $500,000 a year earlier, Clayton, Missouri-based Olin said today in a statement. The segment’s retail revenue growth outpaced military and law-enforcement sales, Olin Chairman and Chief Executive Officer Joseph D. Rupp said today on a conference call with analysts.