Wickes Cos., based in Santa Monica, reported...

Wickes Cos., based in Santa Monica, reported a slight decline in third-quarter net income to $38.8 million from $40.1 million in the year-ago period. Sales rose to $1.3 billion from $1 billion. The quarter included a one-time gain of $31.5 million on the sale of Owens-Corning Fiberglas shares that were sold after Wickes’ failed takeover effort. That was offset, however, by higher borrowing costs. Last year’s third-quarter earnings included a pretax gain of about $15 million from the termination of certain pension plans.