(Source: MARKET WIRE)
Researched by Industrial Info Resources (Sugar Land, Texas) -- Olin Corporation (NYSE:OLN) (Clayton, Missouri) recently announced earnings for the first quarter of the 2009 fiscal year. Net income of the company was $46.7 million, representing an increase of 25% from the first-quarter net income of $37.3 million. The company operates in two extremely different business segments -- ammunition manufacturing and chemical manufacturing. Chemical sales declined year over year, while income from ammunition sales showed a sharp increase from last year. Industrial Info is currently monitoring several Olin Corporation projects in the Chemical Processing Industry, ranging from $1 million maintenance shutdowns to a plant expansion with an estimated total investment value of $146 million.
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