Flamemaster Earnings Up 80% Despite Lower Sales
- Share via
Flamemaster, a Sun Valley manufacturer of flame-retardant coatings for electrical cables, reported an 80% rise in second-quarter earnings, to $73,670, or 11 cents a share. Sales for the three months ended March 31 were down 16% from the same period last year, to $812,147.
For the first six months of its fiscal year, the company reported that net income more than doubled from the corresponding period a year earlier, to $122,703, or 18 cents a share, up from $59,247, or 8 cents a share. Sales were down 15%, to $1.6 million.
Joseph Mazin, Flamemaster’s president, said the company earned more despite lower sales because it sold more products with high profit margins.
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.
