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Wahlco Posts Loss of $3 Million for Quarter

March 17, 1998

SANTA ANA — Wahlco Environmental Systems Inc., the Santa Ana designer and manufacturer of air pollution control and power efficiency equipment, reported a net loss of $3 million, or 17 cents a share, for the fourth quarter.

It lost $4.5 million, or 25 cents a share, for the previous year's fourth quarter. Revenue rose 17% to $12.2 million from $10.4 million.

For the year, the company lost $5.4 million, or 31 cents a share, compared with a net loss of $10.8 million, or 61 cents a share, for the previous year. Annual revenue rose 15% to $49.7 million from $43.1 million.

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