Haskel’s Earnings Surge 41% as Revenue Slips
- Share via
Haskel International Inc., a Burbank manufacturer of high-pressure liquid pumps and gas boosters, reported that its fiscal first quarter earnings surged 41%, despite an 8% decline in sales.
The company, which also distributes electronic components, earned $722,000 in the three months ended Aug. 31, up from a profit of $513,000 a year earlier. Sales fell to $13.3 million from $14.4 million.
Haskel said the improved earnings reflected continued strength in its core industrial products group, which benefited from expanding European and Pacific Rim markets. But a disappointing performance by its electronics products group accounted for the decrease in revenues.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
