$2.6-Million Sale of Assets Boosts Furon’s Yearly Earnings

Furon Co., a Laguna Niguel maker of polymer products, posted net earnings of $10.3 million for its fiscal year ended Feb. 3--including a fourth-quarter gain of $2.6 million from the sale of assets--compared to earnings of $9.9 million for the previous year.

Revenue reached a record $332.2 million, up 33% from the $249.8 million recorded a year ago.

For the fourth quarter, net earnings rose to $3.8 million, including the gain from sale of assets, contrasted with earnings of $1.8 million for the comparable year-earlier period.

Revenue for the quarter increased 21% to $79.5 million from $65.6 million.

Furon was formerly called Fluorocarbon Co.