UNOVA Reports Income Decline in 4th Quarter

UNOVA Inc. of Woodland Hills reported net income for the fourth quarter ended Dec. 31 of $13.4 million compared with $20.5 million for the same period last year. Revenues rose to $617.6 million compared with $578.4 million.

Net earnings for the year ended Dec. 31 dropped to $29.6 million compared with $50.8 million for 1998. Revenues increased to $2.11 billion from $1.66 billion.

UNOVA supplies wireless networking technologies and mobile information systems solutions. The company also develops manufacturing technologies and integrated production systems solutions for the automotive and aerospace industries.