J. P. Stevens & Co., New York,...

J. P. Stevens & Co., New York, said that proceeds from the sale of a subsidiary helped it more than triple its fiscal first-quarter profit compared to a year earlier. The textile manufacturer said its net rose to $11.95 million in the three months ended Feb. 2. Revenue fell 18.2% to $440.5 million from a year earlier, the company said. Stevens said it had a one-time gain of $16.4 million from the sale of a subsidiary. The gain was offset somewhat by a $4.7-million extraordinary charge related to the closing of two plants and other restructuring moves. Excluding these, the company said its income “was at approximately the break-even point as the company’s business continued to experience mixed results.”

Fleetwood Enterprises Inc. reported that net income for its third fiscal quarter ended Jan. 27 declined 3% from the like 1984 period. Revenue for the quarter fell 8% from a year earlier. The Riverside-based company attributed the lower results to a 14% decline in manufactured housing sales and a 4% declined in recreational vehicle sales.

For detailed data and results of other companies, please see accompanying tables.