Armor All Products, an Irvine-based maker of...
Armor All Products, an Irvine-based maker of car-care products, reported net earnings of $22.3 million for fiscal 1988, which ended March 31, a 31% increase compared to $17 million a year ago. Revenues for the year increased 18% to $126.4 million, from $107 million. For the company’s fourth quarter, net earnings were up 76% to $8.5 million, compared to $4.8 million for the year-earlier period. Revenues for the quarter increased 59% to $47 million, from $29.5 million. Armor All attributed the fourth quarter sales and earnings gains to success of Armor All’s car wax and car wash products, which were introduced last August.
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