– Ducommun Inc.
, a Carson-based designer of electromechanical components for the aerospace industry, reported net income of $4.1 million (40 cents per diluted share) for the first quarter ended April 2, compared with $2.2 million (22 cents) for the like period a year earlier. Revenue rose to $63.8 million from $58.2 million in the year-ago period.
– Mercury General Corp.
, an L.A.-based automobile insurer, reported net income of $60.4 million ($1.10 per diluted share) for the first quarter ended March 31, compared with $68.8 million ($1.26) for the like period a year earlier.
Included in first-quarter net income are investment gains of $2.7 million (5 cents per diluted share), compared with investment gains of $3.7 million (7 cents) for the same period in 2004.
The company’s combined ratio was 92.6 percent in the first quarter, compared with 89.1 percent in the same period of the prior year. Net premiums written were $729.8 million, versus $630.3 million in the like period of 2004. Statutory surplus rose to $1.39 billion from $1.36 billion in the comparable period of the prior year.
– Macerich Co.
, a Santa Monica-based real estate investment trust, reported net income of $18.1 million (30 cents per diluted share) for the first quarter ended March 31, compared with $18.1 million (31 cents) for the like period a year earlier. Revenue rose to $154.2 million from $128.4 million in the year-ago period.
For the full year, the company expects earnings in the range of $1.23 to $1.33 a share.
– Herbalife Ltd.
, the Los Angeles-based distributor of dietary supplements, reported first quarter net income of $13.3 million (19 cents a diluted share), versus a loss of $484,000 (1 cent) in the year-ago period. First quarter sales rose to $372.1 million from $324.1 million in the year-ago period.
Excluding the effect of recapitalization transaction expenses in the most recent and year-ago first quarter periods, net income rose 83.3 percent to $27.5 million in the first quarter from $15 million in the year-ago period.
