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Ceradyne Reports Big Quarterly Net Increase

Ceradyne Inc. said first quarter net income was $209,116, a 127% increase from $92,000 in the same period a year earlier.

The Costa Mesa-based high-technology ceramics maker said sales for the quarter totaled $4.5 million, up 45% from $3.1 million.

A company spokesman attributed the gains to continuing expansion of Ceradyne’s business, “particularly in the areas of high technology ceramics for aerospace and defense.”

Ford Motor Co. recently purchased an 11% stake in Ceradyne, which hopes to be producing components for a revolutionary ceramic car engine within five years.

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