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Pacific Scientific Co. reported that costs of...

Pacific Scientific Co. reported that costs of discontinued operations and restructuring of a major business segment resulted in a net loss of $2.2 million for the fiscal third quarter ended Sept. 23. The company posted net income of $579,000 for the comparable period last year. Revenue in the third quarter rose 17% to $35.9 million from $30.6 million. The company announced in August that it was discontinuing its instrument division operations and restructuring its HTL/Kin-Tech segment. For the 9-month period, the company lost $22,000, contrasted with net income of $3.2 million a year earlier. Sales rose 24% to $108.8 million from $87.8 million. Pacific Scientific, Newport Beach, manufactures products for specialty markets in aerospace, motor and control and utilities industries.


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