FLUOROCARBON

Fluorocarbon, Laguna Niguel, posted sharply higher net income of $3.1 million for the first quarter ended April 30, which included a one-time gain of $1 million from the sale of a 50% interest in a Japanese joint venture. Last year’s first-quarter net income was $1.3 million. Sales for the first quarter more than doubled to $60.5 million from $27.4 million a year earlier. The company, a manufacturer of industrial components, said it was the best quarter in company history.