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Olin Announces Fourth Quarter Earnings (makes Winchester ammo)
Yahoo Finance ^

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 ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: awb; banglist; guncontrol; manufacturing; obama; olin; secondamendment
This is the first look at the results of a company in the firearms business.
1 posted on 01/28/2013 5:40:46 PM PST by Red in Blue PA
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To: Red in Blue PA
OLN


2 posted on 01/28/2013 5:49:21 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife

They also pay a 3.4% dividend while you watch the stock rise.


3 posted on 01/28/2013 5:51:11 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA
reflects increased shipments to commercial, military and law enforcement customers

What other types of customers are there for ammo?

/johnny

4 posted on 01/28/2013 5:53:39 PM PST by JRandomFreeper (Gone Galt)
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To: Red in Blue PA

Oddly ATK Alliant Technologies is down

http://www.atk.com/business-groups/atk-sporting/


5 posted on 01/28/2013 5:55:03 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: JRandomFreeper
What other types of customers are there for ammo?

Terrorists and drug cartels, but Olin has to keep them on the down low.

6 posted on 01/28/2013 5:57:18 PM PST by Nachoman (Wisdom is learned, cynicism is earned.)
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To: Red in Blue PA

And I helped!


7 posted on 01/28/2013 5:57:21 PM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: Nachoman
That still falls under government or commercial, depending. ;)

/johnny

8 posted on 01/28/2013 5:59:37 PM PST by JRandomFreeper (Gone Galt)
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To: Yo-Yo
Isn't that a quote from "The Postman"?

/johnny

9 posted on 01/28/2013 6:00:51 PM PST by JRandomFreeper (Gone Galt)
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To: Nachoman

You have the feds ordering those 2Billion of
Patriot killer hollow point catridges.


10 posted on 01/28/2013 6:05:34 PM PST by VRWCarea51
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To: Red in Blue PA
They also pay a 3.4% dividend while you watch the stock rise.

And none of those pesky teacher's retirement funds competing for those shares.

11 posted on 01/28/2013 6:05:42 PM PST by Vince Ferrer
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To: JRandomFreeper; Yo-Yo

Sounds like an old,old SHAKE AND BAKE commercial.


12 posted on 01/28/2013 6:07:46 PM PST by Ruy Dias de Bivar (Click my name! See new paintings!)
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To: Ruy Dias de Bivar
Dear Lord, you must be old. I hadn't thought about that since you could turn on the tv, and go make a PB&J before a picture ever showed up on the screen.

But you are correct.

/johnny

13 posted on 01/28/2013 6:10:48 PM PST by JRandomFreeper (Gone Galt)
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To: Red in Blue PA

I’ll buy a few shares if you will send me a few boxes of .22 LR.


14 posted on 01/28/2013 6:13:43 PM PST by crusty old prospector
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To: Red in Blue PA

Buy RGR before the next run. No more than 5-8% of your portfolio in one stock.


15 posted on 01/28/2013 6:33:07 PM PST by samadams2000
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To: JRandomFreeper
I hadn't thought about that since you could turn on the tv, and go make a PB&J before a picture ever showed up on the screen.

*snort*. And every station signed off at midnight with some rendition of "The Star Spangled Banner".

16 posted on 01/28/2013 8:10:08 PM PST by SuziQ
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To: Red in Blue PA

Wish I could find some Winchester Q3131 at pre-panic prices.


17 posted on 01/28/2013 9:12:53 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: crusty old prospector

“I’ll 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!


18 posted on 01/28/2013 9:18:04 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: SuziQ

“*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.


19 posted on 01/28/2013 9:20:19 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: crusty old prospector
I’ll buy a few shares if you will send me a few boxes of .22 LR.

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.

20 posted on 01/28/2013 11:52:22 PM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesn’t happen here then it didn't happen.)
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To: SuziQ
And every station signed off at midnight with some rendition of "The Star Spangled Banner".

They didn’t even have stations whe I was a kid. Radio did sign off at midnight too though. :)

21 posted on 01/28/2013 11:54:38 PM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesn’t happen here then it didn't happen.)
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To: Red in Blue PA

I use Winchester Silvertips. In case of werewolves.


22 posted on 01/28/2013 11:59:02 PM PST by Lancey Howard
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To: mylife

Thank you Obayma-layma-ding-dong.


23 posted on 01/29/2013 2:33:11 AM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: Ruy Dias de Bivar; JRandomFreeper

Can’t find it on YouTube, but yup, Shake-n-Bake commercial tagline from the 70s.


24 posted on 01/29/2013 2:43:01 AM PST by Yo-Yo (Is the /sarc tag really necessary?)
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To: JRandomFreeper

Elmer Fudd


25 posted on 01/29/2013 2:52:21 AM PST by monocle
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To: Red in Blue PA
There's another factor that helped Olin's bottom line (iirc).

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.]

26 posted on 01/29/2013 3:58:00 AM PST by Condor51 (Si vis pacem, para bellum.)
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To: itsahoot

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.


27 posted on 01/29/2013 6:38:09 AM PST by crusty old prospector
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To: crusty old prospector

***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.


28 posted on 01/29/2013 7:33:20 AM PST by Ruy Dias de Bivar (Click my name! See new paintings!)
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To: Ruy Dias de Bivar

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.


29 posted on 01/29/2013 7:54:54 AM PST by crusty old prospector
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To: Red in Blue PA

Winchester is .40 is $40/box at the local store. Just the regular target stuff.


30 posted on 01/29/2013 9:49:35 AM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: crusty old prospector
The problem is that people are buying them off of the truck at first light.

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.

31 posted on 01/29/2013 1:32:25 PM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesn’t happen here then it didn't happen.)
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To: JRandomFreeper

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.


32 posted on 01/29/2013 2:14:39 PM PST by cherokee1 (skip the names---just kick the buttz)
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