Skip to comments.Olin Announces Fourth Quarter Earnings (makes Winchester ammo)
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 also pay a 3.4% dividend while you watch the stock rise.
What other types of customers are there for ammo?
Oddly ATK Alliant Technologies is down
Terrorists and drug cartels, but Olin has to keep them on the down low.
And I helped!
You have the feds ordering those 2Billion of
Patriot killer hollow point catridges.
And none of those pesky teacher's retirement funds competing for those shares.
Sounds like an old,old SHAKE AND BAKE commercial.
But you are correct.
I’ll buy a few shares if you will send me a few boxes of .22 LR.
Buy RGR before the next run. No more than 5-8% of your portfolio in one stock.
*snort*. And every station signed off at midnight with some rendition of "The Star Spangled Banner".
Wish I could find some Winchester Q3131 at pre-panic prices.
“Ill buy a few shares if you will send me a few boxes of .22 LR.”
Ditto! And the good stuff, not that rat-shot that’s available today!
“*snort*. And every station signed off at midnight with some rendition of “The Star Spangled Banner”.”
And they did that because everybody and their brother was in bed asleep in order to be ready for WORK the next day.
My how times have changed.
None to be had where I live either. The 22 will be about the only cartridge available to hunt with when the bottom falls out.