Wynn’s International Inc.: The Fullerton diversified company...
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Wynn’s International Inc.: The Fullerton diversified company reported second-quarter net income of $1.6 million, a slight drop from the $1.7 million posted for the year-earlier period. Revenue fell 3%, to $68.5 million from $70.5 million. The company attributed the lower revenue to sluggish sales at its automotive air-conditioning subsidiary. Net income for the first six months fell 33% to $3.3 million, down from $4.9 million a year earlier. Sales declined 2%, to $141.1 million from $143.6 million. Wynn’s is a supplier of auto air conditioners, O-rings, seals, molded rubber products, petrochemical specialty products and builder hardware.
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