Pacific Scientific Co.: The Newport Beach manufacturer...

Pacific Scientific Co.: The Newport Beach manufacturer of electrical and safety equipment posted a second-quarter net loss of $3.7 million, or 30 cents a share, contrasted with net income of $3.3 million, or 26 cents a share, a year ago. Sales declined slightly to $72.8 million from $73 million.

The company posted a net loss of $1.8 million, or 15 cents a share, for the first six months, contrasted with profit of $6.2 million, or 50 cents a share, a year ago. Sales were up 4% to $147.5 million from $141.9 million. The company said it restructured its Solium subsidiary during the second quarter and incurred charges of $7.5 million.