Wynn’s Expects ’86 Earnings to Top $6 Million

Wynn’s International Inc. said Tuesday that it expects to report net earnings of between $6 million and $6.5 million for 1986.

The Fullerton maker of auto parts reported a $1.96-million loss for 1985, resulting from write-offs of assets and inventory.

John Lillicrop, Wynn’s president and chief executive officer, said the company anticipates reporting fourth-quarter net earnings of between $1.5 million and $1.7 million, contrasted with a $5.1-million loss during the final quarter of 1985.

Despite the year-to-year gain, the anticipated 1986 earnings are still well below the $10.2 million Wynn’s posted for 1984. Lillicrop said the company will report its earnings on Monday.

Revenues for the year are expected to total about $305 million, contrasted with $236.5 million during 1986. Fourth-quarter revenues are estimated to be between $75 million and $78 million, contrasted with $57 million a year earlier, Lillicrop said.

1985 Sales Restate

The 1985 sales have been restated by the company to reflect the $17-million sale last September of Wynn’s Automotive Products Inc. Lillicrop said the sale, to an investor group led by the Colorado-based subsidiary’s president, will result in a one-time gain for the year.

Lillicrop, who credited strong sales at Wynn’s auto air-conditioning unit for much of the 1986 performance, said the company is on the prowl for an acquisition. Wynn’s, he said, has about $15 million in cash and credit lines totaling “in excess of $20 million.”