Olin’s profit fell sharply in the fourth quarter as sales slumped.
The Clayton, Mo.-based maker of chemical products and ammunition said profit fell to $52.9 million, or 43 cents a share, in the quarter ended Dec. 31, from $196.6 million, or $1.43 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 19 cents.
Revenue fell 18% to $1.61 billion, beating the $1.51 billion expected by analysts polled by FactSet.
The Chlor Alkali Products and Vinyls segment saw sales fall due to lower pricing and less favorable mix. Epoxy sales also fell due to lower product mix.
The Winchester ammunition segment saw sales rise after it completed the acquisition of recreational shooting company White Flyer.