Pacific Scientific Co.: The Newport Beach manufacturer...
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Pacific Scientific Co.: The Newport Beach manufacturer of electrical and safety equipment reported profit of $2.3 million, or 41 cents a share, for the third quarter, up from $2.2 million, or 40 cents a share, for the third quarter of 1993. Sales were up 25% to $59.8 million for $47.9 million. Year-to-date profit totaled $6.2 million, or $1.11 a share. That compares with profit of $6 million, or $1.11 a share, for the prior-year period, which included a one-time gain of $1.1 million from an accounting change. Sales increased 21% to $168.6 million from $139.2 million.
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