Swedlow Inc. said operating income for its fiscal 1987 second quarter ended Sept. 28 was $375,000 and the company also reported net income for the period of $1.2 million, compared with net income of $287,000 for the second quarter a year ago.
Extra credit of $775,000 from the sale of equipment and technology transfer boosted Swedlow's net income in the second quarter, the Garden Grove-based maker of aircraft windshields said.
Sales for the period totaled $15 million, compared to $12.8 million for the same period a year earlier, the company said.
For the first six months of the fiscal year, the company reported net income of $1.8 million, with extraordinary income boosting the total to nearly triple the $640,000 reported a year earlier. Sales for the six months were $29.5 million, up 12% from sales of $26.3 million.