Wyle Laboratories

Wyle Laboratories, which sold its aerospace and defense testing operation last month, said Friday it has changed its name to Wyle Electronics to reflect the business that it continues to operate. Wyle has become a large national distributor of electronics, a business that accounted for about 90% of revenue before the sale of the aerospace-defense unit. The company decided to focus its growth on electronics distribution.

Dozens of families in one of the fastest-growing pockets of Riverside County have for years questioned whether toxic chemicals from a military contractor's former facility in Norco are seeping beneath their neighborhoods and causing serious health problems. After filing lawsuits and lobbying City Hall and Sacramento for help, they now have some definitive answers.

The El Segundo-based computer component and systems manufacturer said it expects 1985 net income from continuing operations of about $1.5 million, compared to $9.3 million the year before. Wyle blamed the sharp decline on the company's decision to write off costs associated with the anticipated sale of two manufacturing operations and continuing costs associated with the 1982 sale of a trucking company. As a result, Wyle will report a loss on the sale of its discontinued operations of about $4.

Wyle Laboratories Inc. will buy the aeronautics services business of General Dynamics Corp., positioning Wyle to pursue additional Defense Department contracts. Financial terms weren't disclosed. The purchase will essentially double the size of privately held Wyle, an El Segundo-based provider of testing, research and engineering services. General Dynamics' aeronautics services business, based in Lexington Park, Md.

Wyle Laboratories, an El Segundo-based distributor of semiconductors, said Tuesday that its profit and sales rose in the second quarter. Profit for the quarter was $749,000, a nearly tenfold increase from net income of $79,000 in the comparable period a year ago. It was the fourth consecutive quarterly increase in income from continuing operations. Sales for the three months ended July 31 rose 16% to $75.1 million.

Wyle Laboratories, an Irvine electronic products marketer, reported second-quarter profit of $4.3 million, or 35 cents a share, up 54% from earnings of $2.8 million, or 23 cents a share, for the same period last year. Second-quarter sales rose 42% to $209.1 million from $147.6 million. Profit for the first half was $7.1 million, or 57 cents a share. That compared to earnings a year earlier of $4.1 million, or 34 cents a share, which included a one-time, charge of $3.

Wyle Laboratories, the Irvine electronics distribution company, reported a third-quarter profit of $2.8 million, or 23 cents a share. That was down 22% from earnings of $3.6 million, or 35 cents a share, for the same period a year earlier. The company said the 1993 profit was affected by start-up costs for 10 new facilities. Sales for the quarter ended Oct. 31 rose 10% to $160.8 million from $146.4 million.

Wyle Laboratories said Monday that company President Ralph L. Ozorkiewicz will take on the added duties of chief executive officer March 31, when Chairman Charles M. Clough retires from that post. Clough, 66, will remain chairman of the Irvine-based semiconductor and computer systems distribution company. Ozorkiewicz, 48, will continue as president, a position he has held since 1992, when he was also elected to Wyle's board of directors.

Wyle Laboratories named C. D. (Gus) Yiakas vice president-western operations for its scientific services and systems group. Wyle is based in El Segundo.

The Wyle Laboratories site in Norco qualifies for listing as a Superfund site, the U.S. Environmental Protection Agency announced Friday. The designation means the site is among the most polluted in the nation. However, the federal agency is not listing it as a Superfund site because California is already enforcing a consent order requiring Wyle to clean up contamination.

In western Riverside County, the rolling hills and the tumbleweeds act as a fortress of sorts--an ideal setting for discreet weapons tests or earthquake simulations, and ideal for homeowners looking for a little elbow room. But it seems Norco isn't big enough for both. Dozens of families who bought homes in two tony new neighborhoods are alleging that the high-tech engineering firm Wyle Laboratories is not the neighbor they thought it was when they moved in.

Wyle Laboratories, which sold its aerospace and defense testing operation last month, said Friday it has changed its name to Wyle Electronics to reflect the business that it continues to operate. Wyle has become a large national distributor of electronics, a business that accounted for about 90% of revenue before the sale of the aerospace-defense unit. The company decided to focus its growth on electronics distribution.

Wyle Laboratories on Thursday posted stronger-than-expected earnings for the fourth quarter and all of 1994, despite having sold one of its two business units. After being in the red for the first three quarters, Wyle reported a profit of $2 million, or 16 cents a share, for the year. That compared to earnings of $8.1 million, or 66 cents a share, for 1993. Annual revenue was $792.3 million, up from $473.4 million.

Wyle Laboratories said Monday that company President Ralph L. Ozorkiewicz will take on the added duties of chief executive officer March 31, when Chairman Charles M. Clough retires from that post. Clough, 66, will remain chairman of the Irvine-based semiconductor and computer systems distribution company. Ozorkiewicz, 48, will continue as president, a position he has held since 1992, when he was also elected to Wyle's board of directors.

Wyle Laboratories said Monday that company President Ralph L. Ozorkiewicz will assume the added duties of chief executive on March 31, when Chairman Charles M. Clough retires from that post. Clough, 66, will remain chairman of the Irvine-based semiconductor and computer systems distribution company. Ozorkiewicz, 48, will continue as president, a position he has held since 1992, when he was also elected to Wyle's board.