Wynn’s Reports Profits Fall 18% for 2nd Quarter

Blaming continued sluggish automotive sales, Wynn’s International Inc., the Fullerton-based automotive supplies and accessories maker, reported that second-quarter profits fell 18% to $1.4 million, from $1.8 million posted a year ago.

However, Wynn’s reported that sales for the period of $79.4 million were about 4% higher than the $76 million recorded in the prior year.

For the first half of 1987, profits were $1.5 million, 47% below $2.9 million of the year-ago period. Sales were $147.8 million, up from the $146.7 million recorded for the first half of 1986.

John F. Lillicrop, president and chief executive, said the company’s petrochemical specialties subsidiary contributed more than 30% of Wynn’s sales increase for the quarter.