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Beckman Instruments

NEWS
October 17, 1996
George Kilmain, who retired two years ago as vice president and chief financial officer of Beckman Instruments, has died. He was 62. Kilmain, a resident of Yorba Linda during his long career with Orange County-based Beckman, died Friday of cancer in Bonsall, Calif. He joined Beckman, a maker of medical instruments, in 1961 as an accountant and in 1983 became vice president of finance.
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BUSINESS
June 9, 1996
* James Kirkpatrick has been appointed vice president and director of diagnostics for North America operations and European tactical marketing for Beckman Instruments Inc. in Fullerton. Kirkpatrick, who joined Beckman in 1978, had been director of sales for the diagnostics division. Edgar E. Vivanco has been named vice president for Beckman's Biotechnology Development Center.
BUSINESS
February 5, 1996
Beckman Instruments Inc.'s board has increased the company's quarterly dividend and extended through 1998 the company's program to buy back up to 1 million shares a year. The dividend, which was increased to 13 cents a share from 11 cents a share, is payable March 7 to shareholders of record Feb. 16. The company, which develops and markets automated systems and supplies used for biological analysis, said the stock buyback program is used to fund existing stock-oriented employee benefit plans.
BUSINESS
January 10, 1996
Beckman Instruments has completed its acquisition of San Diego-based Hybritech Inc., a diagnostics company, from Eli Lilly & Co. Terms were not disclosed. Eli Lilly of Indianapolis said in September it was planning to sell Hybritech as part of Lilly's plan to separate diagnostic and medical-devices businesses from its pharmaceutical operations. Beckman develops and manufactures automated systems and supplies for laboratories.
BUSINESS
October 24, 1995
Beckman Instruments Inc., which develops and manufactures automated systems and supplies for laboratories, reported third-quarter net earnings of $13.9 million, or 48 cents a share, 23% higher than the $11.3 million, or 40 cents a share, for the like period last year. Sales gained 6% to $229.9 million from $217.8 million. For the first nine months, net income totaled $38 million, or $1.32 a share. The company had a profit of $29 million, or $1.
BUSINESS
April 25, 1995
Beckman Instruments Inc., a maker and worldwide distributor of automated systems and laboratory and diagnostic supplies, said Monday that it earned $10.3 million, or 36 cents a share, for the first quarter. The profit was more than double the net income of $4.7 million, or 17 cents a share, for last year's first three months. Quarterly sales rose to $205 million this year from $198.6 million. The Fullerton company's earnings were dampened by a special charge of $3.
BUSINESS
January 24, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
Crediting a restructuring program started in 1993, Beckman Instruments Inc. Monday reported a profit of $42.2 million for 1994, contrasted with a loss of $37.6 million for the previous year. The Fullerton-based company, which makes medical laboratory equipment, said its earnings would have been higher except for accounting changes plus the costs of a restructuring that cut its work force by 1,000. Those one-time expenses, the company said, totaled $16.1 million. Annual sales were up 1.
BUSINESS
June 3, 1994
Beckman Instruments Inc. said Thursday that it has signed a dealer agreement to market its products in Vietnam. The dealer, Europ Continents, also buys and resells Beckman equipment in Laos and Cambodia. Fullerton-based Beckman makes diagnostic equipment for hospitals and bioresearch equipment for life sciences laboratories. The Asia-Pacific market, which makes up 13% of Beckman's business, is the fastest-growing region in the medical equipment industry, the company said.
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