Wynn’s International reported first-quarter net income of...

Wynn’s International reported first-quarter net income of $3.2 million, compared to a net loss of $172,000 for the comparable period last year. Sales totaled $73.1 million, up 4% from $70.2 million reported for the first quarter of 1988. Wynn’s makes automotive parts and engine additives. First-quarter results for the Fullerton-based firm benefited from a gain of $1.3 million due to the sale of substantially all of Wynn’s interest in Wynn-Kiki Inc., a joint venture. The first quarter of 1988 was adversely impacted by an after-tax charge of $1 million relating to costs associated with management changes and the termination of Wynn’s Supplemental Retirement Plan, the company said. Jim Carroll, Wynn’s president and chief executive officer, attributed the improved results to increases in sales and profits at three of the company’s divisions.