Wynn’s Profit Up 32% for 1996
- Share via
ORANGE — Wynn’s International Inc. said Monday that net income last year climbed 32% on a 10% increase in sales.
The company, which supplies O-rings, sealing products and specialty chemical products, reported net income of $20.4 million, or $1.44 a share, for 1996, up from $15.4 million, or $1.12 a share, for 1995. Sales rose to $288.5 million from $262.6 million. Fourth quarter net income was $6.1 million, or 43 cents a share, which included $426,000 from discontinued operations, a 61% gain from the $3.8 million, or 27 cents a share, recorded for the 1995 fourth quarter. Sales were up 14% to $74.6 million from $65.6 million.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.