Olin's 10-Q Shows Price, Not Volume, Drove Winchester's Q3 Profit Gain

Olin's 10-Q shows higher pricing added $20.4 million to Winchester's third-quarter segment income, more than the $12.5 million from volume and military project revenue combined, while metals and propellant costs took back $18.4 million. Winchester's profit jump came from the price tag far more than from extra rounds, and Olin says metal costs are still climbing into a weaker fourth quarter. An ammo business that has to keep raising prices just to stay ahead of copper is one quarter of buyer pushback away from handing the gain back.