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EECO Inc. Net Income Jumps 44% for Year

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EECO Inc., a Santa Ana computer and electronics maker, said that net income for its fiscal 1986 jumped 44% to $2.3 million from $1.6 million a year earlier. Revenue for the year ended Dec. 28 was $62.6 million, up 15% from $54.3 million.

For the fourth quarter, net income rose 22% to $606,000 from the year-earlier $495,000. Sales for the quarter increased 35% to $19.2 million from $14.2 million.

The year-end figures include three months of operating results from Convergence Corp., a maker of computerized video editing equipment that EECO acquired in September, 1986.

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Robert C. Milo, president and chief executive, attributed the improved company performance to reorganization of management positions in marketing, engineering and operations, and overall cost-cutting steps throughout the year. The company’s order backlog at year’s end stood at $19.1 million, up 13% from $16.9 million at the end of 1985.

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