Armor All Products Reports Net Up 17%
Armor All Products Corp., an Irvine maker of automotive cleaners and protectants, reported fiscal 1987 net earnings of $17 million, up 17% from $14.6 million a year earlier. Sales for the 12 months ended March 31 were $107 million, a 17% increase from $91 million for the company’s fiscal 1986.
For the fourth quarter, Armor All reported net income of $4.8 million, up 8% from $4.4 million a year earlier. Sales of $29.5 million increased 19% increase from $24.7 million in the final period of the company’s fiscal 1986.
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