Wynn’s Reports Decline in 4th-Quarter Net Income

Wynn’s International Inc., Orange-based supplier of O-rings and sealing products, specialty chemical products and builders’ hardware supplies, reported a slight decline in fourth-quarter net income while sales rose 4%.

Net income totaled $6.5 million, or 34 cents a share, for the three months, down 3% from $6.7 million, or 34 cents a share, for the 1997 fourth quarter. Sales increased to $85.6 million from $82.7 million.

For the year, net income reached a record $27.3 million, or $1.39 a share, up 4% from $26.2 million, or $1.29 a share, recorded for 1997. Sales rose 5% to $336.9 million from $321 million.