Acquisitions Boost Sales, Profit of Pacific Scientific
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A pair of recent acquisitions led to increased profits and sales for Pacific Scientific, which reported net earnings of $579,000 for the third quarter, up from $39,000 in 1986.
Revenues rose 74% to $38.8 million from $22.3 million last year.
For the first nine months, Pacific Scientific reported net earnings of $3.2 million, a 28% increase from the year-earlier $2.5 million. Revenues of $112 million were almost double the $67.2 million reported a year earlier.
The company said the acquisitions of HTL Industries in December, 1986, and Sigma Instruments in May increased third-quarter revenue by $18 million from the previous year. The acquisitions added $48 million to the nine-month results.
Pacific Scientific of Anaheim manufactures and markets products to niche markets in electronic instruments, aerospace components, and motors and controls.
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