Net Income Up 108% in 3rd Quarter for Dataproducts

Woodland Hills-based Dataproducts Corp., a maker of computer printers, said its net income jumped 108% on 6% lower sales during its third quarter ended last Dec. 27. The company reported net income of $2.1 million, or 10 cents a share, on sales of $84.8 million.

Frank J. McQuaid, Dataproducts’ senior vice president, said reduced sales of daisy-wheel printers and completion of a contract for International Business Machines last March accounted for the sales drop. He cited cost-cutting measures as the reason for increased profit.

Backlog as of Dec. 27 was $105 million, down $5 million from the beginning of the quarter. McQuaid said he expects the backlog to increase in the fourth quarter, because of an influx of government and military contracts.

For the nine months ended Dec. 27, the company reported net income of $7.3 million, or 35 cents a share, contrasted with a loss during the same period a year earlier of $32.2 million, or $1.55 per share. Sales dropped 1%, to $253.8 million.