Advertisement
YOU ARE HERE: LAT HomeCollectionsWahlco Environmental Systems Inc
IN THE NEWS

Wahlco Environmental Systems Inc

BUSINESS
February 11, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Wahlco Environmental Systems Inc., citing strong growth in international sales, said Monday that its earnings rose 54% to $11.6 million last year. The company also said 1990 amendments to the federal Clean Air Act had boosted its sales and should continue to do so. The Irvine maker of air pollution control equipment for power plants said more than half its sales and manufacturing plants are abroad. Wahlco set new records in revenue, earnings and backlog last year, President Henry N.
Advertisement
BUSINESS
July 1, 1998 | John O'Dell
Wahlco Environmental Systems Inc. said Tuesday that trading in its stock will be suspended by the New York Stock Exchange on or before July 15 because its net tangible assets, average net income and aggregate market value all have fallen below the Big Board's minimum standards. The Santa Ana-based manufacturer of air pollution control and power supply systems said it is seeking to transfer its stock to another exchange.
BUSINESS
April 17, 1996
Wahlco Environmental Systems Inc., which designs and makes air pollution control equipment and water purification and bottling systems, posted a loss last year on lower revenue. The company also said it had violated parts of its credit agreement with Silicon Valley Bank and was in default. Wahlco said it is in negotiations to restructure the credit arrangement. The company lost $11.4 million, or 64 cents a share, down from $66.1 million, or $3.75 a share, for 1994, which included a $54.
BUSINESS
January 10, 1994
Wahlco Environmental Systems Inc., a maker of pollution-control and power-efficiency equipment, said last week that it will take a charge of about $10 million to cover costs of closing plants in West Virginia and Canada. The company, based in Santa Ana, cited the sluggish worldwide economy, ongoing delays by U.S. utilities in complying with the 1990 Clean Air Act and competitive pressures as reasons for the restructuring.
BUSINESS
August 21, 1991
Wahlco Environmental Systems Inc. said Tuesday that it has bought a Swiss marketer of power plant equipment called Metroflex and one of Metroflex's suppliers, Pentney Group, a British concern. The price for both companies totaled $2.1 million, said Wahlco, which makes equipment used to reduce air pollution by electric utilities.
BUSINESS
May 9, 1991 | CRISTINA LEE, TIMES STAFF WRITER
Wahlco Environmental Systems Inc., a manufacturer of air pollution control equipment, said Wednesday that it has agreed to acquire two European companies in separate transactions for a combined price of about $7 million. Wahlco, based in Santa Ana, said it has signed letters of intent to acquire Metroflex Corp. of Baar, Switzerland, and the Pentney Group of Chesterfield, England.
BUSINESS
December 29, 1998 | John O'Dell
Wahlco Environmental Systems Inc., the struggling manufacturer of industrial pollution control systems, said its prospective purchase by a Tennessee firm has been delayed for at least two weeks. The purchaser, Thermatrix Inc., told officials of Santa Ana-based Wahlco that it needed the additional time to complete financing arrangements. A shareholder vote scheduled for today on the merger has been postponed until Jan. 12.
BUSINESS
September 16, 1992 | CAROL SMITH, SPECIAL TO THE TIMES
In a move to streamline operations further and to save money, Wahlco Environmental Systems, which last month laid off 120 people, said Tuesday that it has consolidated 10 subsidiaries into one operating division. Wahlco Environmental Systems, based in Irvine, makes pollution control and power efficiency equipment used by electrical utilities, petrochemical refineries and industrial manufacturers worldwide.
Los Angeles Times Articles
|