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

Pacific Scientific Co.: The Newport Beach manufacturer of electrical and safety equipment posted net income of $169,000, or 1 cent a share, for 1996, which included $10 million in operating losses and restructuring and other expenses at its Solium subsidiary. Net income of $12.8 million, or $1.01 a share, was recorded for 1995. Sales increased 4% to $294.8 million from $284.8 million. Fourth-quarter net income totaled $1.1 million, or 9 cents a share, down from the $3.4 million, or 26 cents a share, for the 1995 fourth quarter. Sales were up 5% to $76.1 million from $72.4 million.