Zero’s Income Falls 4% as Sales Dip to $31.2 Million

Zero Corp. reported earnings of $3 million, or 24 cents per share, in its fourth quarter ended March 31, down 4% from the same period in 1986. Net sales for the period were down 6% to $31.2 million.

For the year, the Burbank-based maker of cabinets, cases and other accessories said net income was down 9% to $11.6 million, or 97 cents a share. Sales, however, were up nearly 2% to $125.7 million.

Wilford D. Godbold Jr., Zero president and chief executive, noted that earnings for fiscal 1986 included a gain on the sale of Ocean Technology, an engineering company. But, he added, Zero has been hurt by a slump in the electronics industry, one of his company’s primary markets.