Laguna Niguel-based Fluorocarbon Co. reported a 26% increase in profits for its fourth-quarter of fiscal 1985, its eighth consecutive quarterly increase. For the year ended Jan. 31, the company said its earnings rose 76%.
For the fourth quarter, the rubber and plastics molding firm reported earnings of $1.5 million, up from $1.2 million in the year-ago period. Sales in the three-month period were $30.3 million, up 28% from $23.7 million in the 1984 fourth quarter.
For the 12 months, profits were $5.7 million, and included a one-time extraordinary gain of $607,746 from insurance payments on casualty losses. In fiscal 1984, the company earned $3.2 million.
Sales for the year were $116 million, a 25% increase from $92 million in 1984. New orders totaled $126 million, up 31% from the $96 million in new orders reported for the prior year.