Fluorocarbon Co. posted a 16% decline in...

Fluorocarbon Co. posted a 16% decline in earnings for the quarter ended April 30, to $2.6 million from $3.1 million for the comparable period last year. The year-ago net income included a gain of $1 million from the sale of assets. Sales for the first fiscal quarter rose 58%, to $95.7 million from $60.5 million. Results for the first quarter included three companies that were acquired in February, 1989. Fluorocarbon manufactures polymer components for industrial markets.