Pacific Scientific Co. in Newport Beach said...

Pacific Scientific Co. in Newport Beach said net income declined 24% in the first quarter, to $817,000 from $1.1 million posted for the comparable period last year. Sales dipped slightly, to $42.4 million from $42.9 million. Edgar S. Brower, president and chief executive, said the company is following a previously announced plan to improve profitability by eliminating money-losing operations, reducing overhead and improving efficiency, reducing interest expense and increasing revenue in profitable product lines. Pacific Scientific makes electric motors and controls, aircraft equipment and electronic instruments for industry and electric utilities.