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Special Devices Inc

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BUSINESS
January 25, 1994
Special Devices Inc., a Newhall maker of pyrotechnic devices for the aerospace and automotive industries, reported a 49% surge in its fiscal fourth-quarter profit on a 45% climb in revenue, compared with a year earlier. In the quarter ended Oct. 31, the company posted a profit of $662,000 on revenue of $12.9 million. That compares with earnings of $443,000 on sales of $8.9 million a year earlier.
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CALIFORNIA | LOCAL
January 5, 2001 | JENIFER RAGLAND, SPECIAL TO THE TIMES
A high-tech manufacturer lured to the city with a $6-million subsidy package has pleaded guilty in U.S. District Court to three felony counts of illegally burning hazardous waste at its former plant in Newhall. Special Devices Inc., which makes explosive triggers used in air bags and the aerospace industry, will pay a $1.5-million fine--$1 million of which will go to the National Park Foundation for environmental projects, said Assistant U.S. Atty. William Carter.
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CALIFORNIA | LOCAL
December 17, 1994 | SCOTT HADLY, SPECIAL TO THE TIMES
The city of Moorpark has helped package about $8 million in state and local tax breaks to lure away a Newhall-based company with 700 jobs and head off the firm's flight to Arizona. The rapidly expanding company, Special Devices Inc., which makes small detonators used to spring car air bags, has outgrown its Newhall plant and wants to expand to more than 1,000 employees by the year 2000.
CALIFORNIA | LOCAL
September 6, 2000 | JENIFER RAGLAND, PECIAL TO THE TIMES
Investigators are still trying to determine the cause of an explosion at a Moorpark company last week that injured two workers, one of whom remains in critical but stable condition at Simi Valley Hospital. Frank Snider, 26, of Simi Valley suffered extensive injuries in the explosion Friday morning at Special Devices Inc., which makes triggering devices for air bags. Alicia Gonzalez, a hospital spokeswoman, said Snider had part of his right arm and hand amputated as well as his left index finger.
BUSINESS
September 7, 1993 | DON LEE, TIMES STAFF WRITER
Special Devices Inc., a longtime maker of components that trigger the Patriot and Cruise missiles, now wants to put the boom in automobile air bags. Switching fields could give the Newhall-based company a much-needed boost. With defense budget cuts trimming its market, Special Devices has seen its aerospace sales skid 13% from fiscal 1989, to $17.5 million last year. Its earnings are lagging, and so is its stock, which closed Friday at $10 a share, about where it was two years ago.
BUSINESS
June 10, 1997
Special Devices Inc. posted a 61% jump in its second quarter net income on a 35% rise in sales. The Newhall-based maker of trigger devices for automotive air bags had net income of $2.46 million in the quarter that ended May 4, compared with net income of $1.52 million a year earlier. Sales in the latest quarter rose to $32.8 million, up from $24.2 million. For the six-month period, Special Devices saw its net income rise 52% to $4.38 million, up from $2.
BUSINESS
June 13, 1995
Special Devices Inc., a producer of pyrotechnic devices that help to inflate automotive airbags and to activate military crew escape systems, nearly doubled its earnings during the second quarter ended April 30 compared to a year earlier. The Newhall-based manufacturer reported second-quarter earnings of $1.51 million, up from $761,000 in the same three-month period the prior year. Revenues increased 64%, to $25.1 million from $15.3 million a year earlier.
BUSINESS
March 3, 1992
Special Devices Inc., a Newhall manufacturer of pyrotechnic devices for the aerospace and auto industries, said it has received authorization from TRW Inc. to produce initiators for use in TRW air bags supplied to General Motors Corp. Shipments of the initiators, which trigger inflation of automobile air bags in a crash, were scheduled to begin last week, the company said. The company also said its plant in Mesa, Ariz.
BUSINESS
March 16, 1993
Special Devices Inc., a Newhall maker of devices that help ignite missile engines and trigger automotive air-bag systems, reported a profit of $88,000 for its fiscal first quarter ended Jan. 31, down from $183,000 a year earlier, because of decreased orders from the aerospace industry. The 52% drop in quarterly profit came on roughly the same revenue. For the three months that ended Jan. 31, Special Devices had sales of $6.6 million, compared with $6.5 million for the same period a year earlier.
BUSINESS
March 22, 1994
Special Devices Inc., a Newhall maker of parts that trigger automotive air bags and missile systems, reported a surge in its fiscal first-quarter profit on a near doubling of revenue. For the three months ended Jan. 31, the company posted a profit of $468,000, compared with a profit of $88,000 a year earlier. Its latest quarterly revenue jumped to $12.3 million, from $6.6 million a year earlier, the result of sharp gains in its automotive division.
CALIFORNIA | LOCAL
April 27, 1999 | Bloomberg News
Newhall-based Special Devices Inc., a unit of J.F. Lehman & Co., has sued rival OEA Inc., asking a judge to rule that Special Devices isn't infringing on an OEA patent for a component in its automobile air bag triggers. In a suit filed in U.S. District Court in Los Angeles, Special Devices says it believes Denver-based OEA may begin legal action if Special Devices continues to make the components.
CALIFORNIA | LOCAL
February 19, 1999 | AGNES DIGGS and DAVID COLKER, TIMES STAFF WRITERS
An explosion at a plant where automotive air-bag trigger devices are made killed one worker and injured two others Thursday morning, authorities said. The Sheriff's Department identified the victim as Charles Tillman, 48, of Encino. His remains were found by firefighters near a pickup truck used to transport chemicals at Special Devices Inc.
BUSINESS
October 29, 1998 | Bloomberg News
Special Devices Inc. said closely held J.F. Lehman & Co. cut the price it will pay for the world's largest maker of automotive air-bag triggers to about $266 million from its original offer of $296 million. Special Devices said the price was cut to $34 a share from $37 because of market volatility since the company's special shareholders meeting Sept. 23, but didn't elaborate. Company officials weren't immediately available for comment. New York-based J.F.
BUSINESS
September 8, 1998
Newhall-based Special Devices reported diluted net earnings per share of 54 cents for the third quarter that ended Aug. 2, up from 36 cents per share in the year-ago period, the company reported. The company, which makes triggering devices for automobile air bags and pyrotechnic devices for aerospace, posted 1998 third-quarter sales of $43.4 million, compared with $37 million in the year-ago period.
BUSINESS
December 30, 1997
Special Devices Inc. continued its profit surge, thanks to its strong air bag business. The company posted a 45% increase in its fourth-quarter net income on a 35% rise in sales. For its quarter that ended Oct. 31, Special Devices had a net profit of $3.5 million, compared to a $2.4-million profit in the same period a year earlier. Sales in the latest quarter rose to $43.2 million, up from $32.1 million a year earlier. For its full fiscal year, Special Devices saw its net income soar 44% to $10.
CALIFORNIA | LOCAL
September 17, 1997 | REGINA HONG
Special Devices Inc. has asked for permission to build an additional 35,000 square feet of buildings for its headquarters under construction in eastern Moorpark. The company, which designs and manufactures explosive devices used in detonating automotive air bags and missiles, wants to expand beyond the current 131,200 square feet it had planned for its facility at 14370 New Los Angeles Ave. The expansion request will be considered tonight during the City Council meeting.
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