Ceradyne Inc. Reports 57% Decline in Income

Costa Mesa-based Ceradyne Inc. saw net income slide 57% to $89,000 from $209,000 for its fiscal 1987 first quarter ended March 31.

Sales, however, rose 55% to $6.9 million from $4.4 million for the year-earlier period, the high-tech ceramics company reported.

Joel Moskowitz, chief executive, attributed the profit drop largely to the high costs of preparing to handle a $7.5-million order placed last year for translucent dental braces. Ceradyne set up a new facility in the 1987 first quarter to prepare for high-volume production of the ceramic braces, said Moskowitz.