Flamemaster Reports 26% Drop in Profits

Flamemaster Corp., a Sun Valley producer of coatings and sealants, said its fiscal second-quarter profit dropped 26% from the year earlier, to $169,856 from $228,975.

The lower earnings in the quarter that ended March 31 came on a 19% decline in Flamemaster’s revenue, to $1.27 million from $1.56 million.

For the first half of its fiscal year, Flamemaster earned $223,424, a 34% decline from $339,010 a year earlier, and its six-month revenue fell 18% to $2.20 million from $2.67 million.