April 5, 1989 |
EECO Inc., which recently sold a large money-losing operation as part of a reorganization, Tuesday reported a net loss of $13.5 million for its fiscal 1988 fourth quarter, which ended Jan. 1. It had net income of $717,000 for the year-earlier period. In addition, the Santa Ana-based maker of keyboards and electronic switches announced that Chairman Robert B. Bonney will replace Robert C. Milo as chief executive officer.
February 8, 1989 |
EECO Inc. has agreed to sell its airline passenger entertainment business to a group of Boston investors for $15 million in cash and notes. Avionics Technologies will lease a section of EECO's Santa Ana facility and continue making audio headsets systems there. The Boston group will retain all the unit's approximately 100 Santa Ana employees, according to Seymour A. Schlosser, EECO's chief financial officer.
February 10, 1987
EECO Inc., a Santa Ana computer and electronics maker, said that net income for its fiscal 1986 jumped 44% to $2.3 million from $1.6 million a year earlier. Revenue for the year ended Dec. 28 was $62.6 million, up 15% from $54.3 million. For the fourth quarter, net income rose 22% to $606,000 from the year-earlier $495,000. Sales for the quarter increased 35% to $19.2 million from $14.2 million. The year-end figures include three months of operating results from Convergence Corp.
October 12, 1985 |
EECO Inc., a Santa Ana-based manufacturer of electrical switch products and computer systems, Thursday reported third-quarter earnings of $840,000, up 19.5% from the $703,000 posted a year earlier. Revenues for the period were $14 million, up 13.8% from $12.3 million in 1984. But the gain on actual operations was larger than the financial report shows.
July 25, 1985
EECO Inc. of Santa Ana Wednesday reported that second-quarter profits jumped more than sixfold to $427,000 as revenues increased 14% to $13.6 million. In the year-ago period, the manufacturer of electronic products and computer systems for the hotel industry had profits of $67,000 and revenues of $11.9 million. For the first half of the year, EECO reported profits of $286,000, a 46% increase from the $196,000 reported a year earlier.