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Repairing the L.C. Smith Hammerless Double

The graceful, light, and distinctive L.C. Smith Hammerless Double sidelock is a favorite of American shotgunners. Here’s how to fix its most common problems. If you own a Smith and want to make it suitable to shoot again, or if you are presented a Smith to repair, here’s what you need to know about the shotgun.

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Diamond-abrasive hand files and hones easily cut hard materials when other metalworking implements can’t do the job.

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Gun Reports Home >> News
Olin Announces Third Quarter 2009 Earnings
Olin Corporation

Olin Announces Third Quarter 2009 Earnings; Winchester Posts Third Consecutive Quarter of Record Earnings

October 26, 2009

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CLAYTON, Mo.--Olin Corporation (NYSE: OLN) announced today that its third quarter 2009 net income was $39.4 million, or $0.50 per diluted share, which compares to $37.7 million, or $0.49 per diluted share in the third quarter of 2008. Sales in the third quarter of 2009 were $397.0 million, compared to $502.9 million in the third quarter of 2008.

Joseph D. Rupp, Chairman, President, and Chief Executive Officer said, "For the third consecutive quarter Winchester achieved the highest level of earnings in its history, reflecting the combination of seasonally strong sales, the continuation of the stronger than normal demand that began in the fourth quarter of 2008, and lower costs. Winchester's earnings more than doubled in the third quarter of 2009 compared to the third quarter of 2008 driven by commercial sales which increased 22% year-over-year, and improved costs."

"Earnings in the Winchester segment are expected to decline significantly from the third quarter due to seasonally weaker demand, but are expected to exceed fourth quarter 2008 earnings. Winchester expects fourth quarter 2009 demand to be stronger than historic fourth quarter levels."

Winchester third quarter 2009 sales were $168.2 million compared to $140.8 million in the third quarter of 2008. The increase primarily reflects higher sales volumes. Commercial and military sales increased during the quarter which more than offset declines in law enforcement and industrial sales. Winchester's third quarter 2009 segment income was $23.0 million compared to $9.8 million in the third quarter of 2008.

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An Important Note for GunReports.Com Readers:

Our goal on this website is to foster a free expression of views while reining in language that crosses the line of civil discourse. Accordingly, the comments areas are intended to expand the knowledge of all users of this site. But site administrators wish to discourage the use of profanity, insults, disrespect, the advocacy of lawlessness, violence or sedition, or attempts to impinge on the rights of others.

While GunReports.Com encourages robust discourse that furthers our understanding of all the issues affecting gun owners, comments that break GunReports.Com’s rules will be removed. In addition, we reserve the right to edit or delete individual comments, and in extreme cases, to ban commenters at our discretion.

--Tim Cole
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