Profits Up at Pacific Scientific : Electronics: 1994 sales register a 20% increase over the previous year’s.

Pacific Scientific Co. is scheduled to report strong quarterly and annual results this morning, including a 32% rise in profits to $9.5 million for the year.

The company said its 1994 sales reached $234.7 million, a 20% increase over its 1993 sales of $195.6 million.

Fourth-quarter net income was $3.3 million on sales of $66.1 million. This compares with profit of $2.3 million on sales of $56.3 million in the 1993 fourth quarter.

Accounting for a 2-for-1 stock split in December, earnings per share were 83 cents for fiscal 1994, compared with 76 cents for 1993.

Both the fourth quarter and annual results were records for the company, which manufactures electrical controls and aircraft safety equipment. Pacific Scientific plans to begin production fluorescent lighting that can be dimmed.

Edgar Brower, chairman and president, said the healthy results reflected faster manufacturing and retooling processes at the company’s plants, which include sites in Yorba Linda, Rockford, Ill., Weymouth, Mass., as well as expanding overseas sales.

Executive Vice President Richard Plat said the company’s salesfor 1995 will probably be in line with analysts’ estimates of around $255 million.

Some of that projected growth will come as Pacific Scientific begins production of its fluorescent lights later in the year. The lights will be made by Solium Inc., a subsidiary company formed last fall, in Randolph, Mass.

Pacific Scientific is also seeking a partner to produce and distribute the bulbs in the consumer market, and hopes to begin making them by the end of this year, executives said.