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EARNINGS

Pacific Scientific Posts Slim First-Quarter Gain

April 23, 1985

Pacific Scientific Inc. of Anaheim Monday posted a slight increase in net income and a 12% jump in revenues for the first quarter of fiscal 1985.

The high technology manufacturing company reported net income of $1.5 million for the quarter ended March 29, compared with $1.3 million for the same period a year ago. Revenues increased to $23.1 million from $20.4 million in the year-ago quarter.

Harry R. Goff, chairman of the company which makes electronic instruments, specialized motors and aerospace products, said he was pleased with significant revenue gains in two divisions of the company's instrument group. However, Goff said sales in the motor and control division were affected by a slump in the market for computer peripherals. He said the division expects the market to pick up in during the second half of the year.

Delays in New Facility Puts Damper on Ceradyne

Ceradyne Inc., a Santa Ana manufacturer of ceramics for the defense and electronics industry, Monday reported a dramatic first-quarter profit drop, but said revenues for the period increased slightly.

Net income for the quarter decreased 65% to $92,000 from the $260,000 reported in the same period a year ago. Revenues increased a slight 3.3% to $3.1 million from $3 million in the first quarter of 1984.

Company officials said the drop in income was due to delays in the completion of a new manufacturing facility, now scheduled to be completed late in the second quarter. However, a company spokesman said higher sales volumes, earnings and profit margins are expected later in the year. The new, upgraded facility will enable Ceradyne to increase capacity and produce much larger ceramic parts.

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