Ceradyne Inc.: The Costa Mesa ceramics manufacturer...

Ceradyne Inc.: The Costa Mesa ceramics manufacturer posted net income of $371,050 for 1990, contrasted with a loss of $2.6 million the previous year. Sales were flat at $23.1 million. For the fourth quarter, net income totaled $63,000, down from the year-earlier figure of $451,000, which included a onetime gain of $1.3 million from the sale of a subsidiary. Sales remained at $5.6 million. The company attributed the return to profitability for the year to reduced operating costs and a broader range of products.