Wynn’s International’s 3rd-Quarter Income Doubles Last Year’s

Wynn’s International Inc. reported third-quarter net income of $1.5 million, more than double the $657,000 reported a year earlier. The 1986 third-quarter figure includes a gain of $220,000 from the sale of a piece of property, the site of a long-closed production facility in Ohio.

The Fullerton-based automotive equipment firm’s net sales for the period climbed 60% to $81.3 million from $50.9 million.

For the first nine months, the company reported net income of $4.7 million, up 51% from $3.1 million--a figure that included a $409,000 gain from the sale of land last year.

Sales for the first nine months were $228 million, up 51% from $150.3 million.

The company said its income and sales for the third quarter and first nine months exclude results from Wynn’s Automotive Products Inc., which was sold in September to an investor group headed by the subsidiary’s former president.

The company also said that about 50% of the net sales reported for the third quarter and nine months reflect sales by Precision Rubber Products Corp., a Tennessee company Wynn’s acquired in November, 1985.

“This strong quarter for Wynn’s reflects some of the return we anticipated from our substantial investments in Wynn’s Climate Systems and our acquisition of Precision Rubber Products,� said John F. Lillicrop, Wynn’s president and chief executive officer.

Wynn’s operating units include the climate systems operation, which designs and manufactures automotive air-conditioning systems; Wynn Oil Co., which manufactures and distributes petrochemical specialty products; Precision Rubber, which manufactures O-rings and other seals for the automotive, aerospace and hydraulic industries; and Robert Skeels & Co., which distributes builders’ hardware.