Arms and Ammo Makers Post Gains

Two shooting industry leaders posted impressive financial results recently, demonstrating that the firearms industry is on the upswing after recent lackluster results. Olin Corp. (NYSE:OLN) Winchester ammunition division sales increased 16 percent in the second quarter to $99.8 million, compared with $85.7 million in the same period a year ago. Winchester income grew 70 percent in the quarter to $5.6 million, from $3.3 million the previous year. The company indicated that higher selling prices and higher shipment volumes more than offset the impact of higher material and manufacturing costs.

Likewise, Sturm, Ruger & Co. (NYSE:RGR) earnings more than tripled in the second quarter. The company reported second-quarter net income of $5.1 million, compared to $1.4 million in the same period last year. Total net sales for the quarter increased to $39.6 million, from $29.2 million in the previous year.