Is Olin still in business?
Olin’s Equitable Powder Company and the Mathieson Alkali Works. After being headquartered for many years in Stamford, Connecticut, it is now headquartered in Clayton, Missouri….Olin Corporation.
| Type | Public |
|---|---|
| Total assets | US$8.27 billion (2020) |
| Total equity | US$1.45 billion (2020) |
| Number of employees | 6,400 (2017) |
| Website | www.olin.com |
Is Olin a good stock to buy?
Olin has received a consensus rating of Buy. The company’s average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.
What products does Olin make?
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester.
What ammo brands does Olin own?
The Olin Corporation is a major manufacturer of ammunition (through Winchester Ammunition) and chlorine and sodium hydroxide (Olin Chlor-Alkali Products). Based in Clayton, Missouri, it traces its history to two companies, both founded in 1892: Franklin W.
When did Olin sell Winchester?
1981
Olin’s Winchester Ammunition unit is an offspring of the legendary arms manufacturer, Winchester Repeating Arms Company. Olin sold the firearms business in 1981 and now only produces ammunition under the Winchester name.
Who does Olin own?
Olin Brass is now owned by Global Brass. Having previously shed specialty chemicals, paper, ordnance, aerospace, electronic materials, and pharmaceuticals, Olin had now reduced itself to just ammunition and chlor-alkali production and sales. Olin is the 3rd largest chlor-alkali producer in the USA.
Why is Olin stock going up?
Strong third-quarter earnings performance has contributed to the run-up in Olin’s shares. Olin’s earnings of $2.38 per share for the third quarter topped the Zacks Consensus Estimate of $2.08. Its revenues surged around 63% year over year to $2,340.1 million, driven by higher pricing.
Why is OLN going up?
OLN looks to pump up the annual profitability of the unit through the multi-year contract. Sales from the Winchester segment surged 94% year over year in the third quarter of 2021, on the back of higher commercial and military sales, including ammunition produced at Lake City and higher commercial ammunition pricing.
Who bought Olin Brass?
Global Brass and Copper
In April 2019, officials with Global Brass and Copper, the parent company of Olin Brass, announced a merger with Germany-based Wieland-Werke AG (Wieland Group). The merger was completed in September.
Who owns Winchester arms now?
Herstal Group
Olin Corporation
Winchester Repeating Arms Company/Parent organizations
The Winchester brand is today owned by the Olin Corporation and the name is used under license by two subsidiaries of the Herstal Group: Fabrique Nationale (FN) of Belgium and the Browning Arms Company of Ogden, Utah, United States.