EECO Reports Net Loss of $573,000 in First Quarter

By MARIA L. LA GANGA

May 14, 1987 12 AM PT

EECO Inc., a Santa Ana-based maker of electronics products, hotel computer systems and video equipment, reported a net loss of $573,000 for its fiscal 1987 first quarter ended March 29--the company’s first loss in two years. In the prior year’s first quarter, EECO reported net income of $510,000. Sales for the quarter increased 13% to $15.4 million from $13.6 million a year earlier.

Company officials attributed the loss in part to sales that slumped approximately 40% below projections. In addition, the hotel industry has been impacted by sections of the new federal income tax law dealing with business expenses and real estate investments, with resulting delays in new hotel construction.

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Maria L. La Ganga

Maria L. La Ganga is the deputy managing editor for California and Metro, overseeing the Los Angeles Times’ largest editorial department. She joined The Times in 1981 as an academic intern, splitting her time between the former Metro section and National Dragster, the official publication of the National Hot Rod Assn. She has served as Seattle bureau chief, San Francisco bureau chief, edited in the Business section and pitched in on six presidential elections, five for The Times and one for the Guardian. La Ganga left The Times in 2015 and returned in 2018 after a brief hiatus during which she wrote for the Guardian and the Idaho Statesman. She was named city editor in 2022 and promoted to her current role in 2024. La Ganga graduated from Granada Hills High School in the San Fernando Valley and Cal State Northridge, where she studied English literature and journalism.

EECO Reports Net Loss of $573,000 in First Quarter

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