Pacific Scientific Quarterly Profits Up 33%

Pacific Scientific Co., a Newport Beach manufacturer of electrical and aircraft safety equipment, reported that its second-quarter profit rose 33% from the same period a year earlier.

Earnings came to $1.6 million, or 30 cents a share, up from $1.2 million, or 23 cents a share, a year earlier. Sales for the quarter ended June 25 were up 14% to $49.4 million from $43.4 million. For the first half, earnings showed a 65% gain to $3.8 million, or 71 cents a share, from $2.3 million, or 43 cents a share.

The latest six months’ results included a gain of $1.1 million from an accounting change. Six-month sales rose 8% to $91.3 million from $84.3 million.