Posted on 01/28/2013 5:40:31 PM PST by Red in Blue PA
CLAYTON, Mo., Jan. 28, 2013 /PRNewswire/ -- Olin Corporation (OLN) announced today that its fourth quarter 2012 net income was $34.6 million, or $0.43 per diluted share, which compares to $18.7 million, or $0.23 per diluted share in the fourth quarter of 2011. Sales in the fourth quarter of 2012 were $587.6 million, compared to $445.8 million in the fourth quarter of 2011. Joseph D. Rupp, Chairman, President, and Chief Executive Officer said, "During 2012, Olin achieved $373 million of adjusted EBITDA, which is the highest in the history of the company. The record EBITDA was driven by strong results in the Winchester business, improved contributions from bleach and hydrochloric acid in the Chlor Alkali business, and contributions from the KA Steel Chemical Distribution business we acquired in August. As Olin enters 2013, we are optimistic that we can generate adjusted EBITDA in the range of $410 million to $440 million."
.....
Winchester fourth quarter 2012 sales were $155.8 million compared to $122.5 million in the fourth quarter of 2011. The increase in fourth quarter 2012 sales compared to the fourth quarter of 2011 reflects increased shipments to commercial, military and law enforcement customers. Winchester's fourth quarter 2012 segment earnings were $16.5 million compared to $0.5 million in the fourth quarter of 2011. The increase in segment earnings reflects the impact of higher volumes and improved pricing, which more than offset higher manufacturing and other costs. Winchester's fourth quarter segment earnings included the $3.0 million favorable settlement of a property tax dispute.
(Excerpt) Read more at finance.yahoo.com ...
They didn’t even have stations whe I was a kid. Radio did sign off at midnight too though. :)
I use Winchester Silvertips. In case of werewolves.
Thank you Obayma-layma-ding-dong.
Can’t find it on YouTube, but yup, Shake-n-Bake commercial tagline from the 70s.
Elmer Fudd
A little over a year ago Olin moved one of their ammo making factories OUT OF ILLINOIS after Governor Potato-Head (his real name, honest) raised taxes 66%.
It was in the southern part of the state and ONLY job around for miles and miles and miles. Unless you count 'crooked politician', that is :-)
[98% sure it was Olin, but other Firearm Industry Co's fled IL too.]
I backordered two boxes of Federal 525’s .22 LR three weeks ago and they arrived yesterday. So, they are still making them. The problem is that people are buying them off of the truck at first light.
***The problem is that people are buying them off of the truck at first light.***
I remember back in the 1950s and 60s when people were so poor they did not have money to buy a box of ammo.
The hardware stores would break up a box and you could buy 3-4 rounds for hunting season.
There was no cheap ammo back then. I bought a box of .22 shorts for 45 cents in 1962 for my new $9.99 single shot Stevens rifle. I was 15 at the time.
I own some rural land out in East Texas and on most weekends, it sounds like WW III. Lately, the guns have grown silent as the empty shelves are starting to alarm people.
Winchester is .40 is $40/box at the local store. Just the regular target stuff.
I could find a lot of Nine mil, but at 50 cents a pop and 223 was a dollar.
I was tempted to buy a Ruger Mini Mag Stainless with the military laser. Loved that bolt sliding like the old M1 and M1 carbine we used in the military 60 years ago.
What they’re saying is that demand is up across all the market segments-—which is true from other sources as well. And you probly thot the military would buy a little less ammo now that Obamuzzie is winding down his favorite war? But it’s always training and training always takes way more ammo than combat.
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