ORANGE COUNTY EARNINGS
Richey Electronics Inc.: The Garden Grove-based distributor of electronic components said net income for the second quarter ended July 3 totaled $781,000, or 9 cents a share, which included restructuring costs of $1 million. For the same period last year, the company earned $1.7 million, or 18 cents a share. Sales grew 5% to $62.3 million from $59.3 million. First-half net income declined 15% to $2.9 million, or 31 cents a share, from $3.4 million, or 35 cents a share, for the first six months of the prior year. Sales increased 15% to $133.1 million from $116.1 million.