CHATSWORTH, CALIF. - A lengthened agricultural season helped Chatsworth-based Calnetics Corp. increase sales to $8.8 million for the first quarter, ended Sept. 30, compared with $6.6 million a year ago. Profit increased to $296,000 from $169,000, and income per share grew to 10 cents from 6 cents.
``The agricultural business is a little seasonal, with the first six months stronger,'' said Clinton G. Gerlach, chairman and chief executive officer.
``This year, the strong performance continued into July and August,'' he said.
Calnetics' subsidiary, Agricultural Products Inc., manufactures drip irrigation hoses and fittings at plants in Ontario, Calif., and Winter Haven, Fla. Calnetics acquired the extruding business in April 1994.
Calnetics' officials directed the first quarter's excess cash to be used to prepay $150,000 of bank debt beyond the $133,000 that was due.
Gerlach reported stronger results at two other subsidiaries, custom injection molder Ny-Glass Plastics Inc. in Corona, Calif., and plastics sheet manufacturer Manchester Plastics Inc. in Chatsworth.
If the shortage of polycarbonate worsens, however, ``it could affect a portion of the sales of Manchester Plastics,'' Gerlach said.