Olin Corp. reported Winchester’s sales for the fourth quarter 2019 were $154.7 million compared to $145.5 million in the fourth quarter 2018, a gain of 6.3 percent.
The increase in sales was primarily due to higher commercial sales. Fourth-quarter 2019 segment earnings were $7.0 million compared to $4.3 million in the fourth quarter 2018. The increase in segment earnings was primarily due to higher commercial ammunition volumes and lower commodity and other material costs. Winchester’s fourth-quarter 2019 results included depreciation and amortization expense of $4.9 million compared to $5.1 million in the fourth quarter 2018.
In the year, Winchester’s sales rose 1.4 percent to $665.5 million from $656.3 million. Earnings rose to $40.1 million from $38.4 million.
Photo courtesy Johnson Purimitla
