Pacific Scientific Reports Profit for First Quarter

Pacific Scientific Co., a Newport Beach manufacturer of electrical and safety equipment, reported a first-quarter profit of $1.7 million, or 30 cents a share. That compared to earnings of $2.2 million, or 41 cents a share, for 1993’s first quarter, which included a gain of $1.1 million from an accounting change. Sales were up 25% to $51.6 million from $41.4 million. The latest quarter included $7.7 million in sales from acquisitions.