TransTechnology Earns $496,000 in 3rd Quarter

TransTechnology Corp., a diversified manufacturer of industrial and aerospace products, said it earned $496,000 in the fiscal third quarter, contrasted with a $536,000 loss a year earlier. Revenues grew 3% to $43.4 million from $42 million last year.

The third-quarter profit included a $644,000 loss from discontinued operations, the company said.

For the nine months that ended Dec. 29, TransTechnology lost $5.9 million, including $5.77 million from discontinued operations--primarily the company’s Computer Graphics division. That contrasts with a $987,000 loss for the same period a year earlier.

Nine-month revenues dropped 5% to $120.9 million from $126.8 million last year.

TransTechnology is in the midst of a restructuring program under which it has been shedding several divisions to focus on its core businesses. The company, now based in Sherman Oaks, plans to move its headquarters to Union, N.J., to be closer to its 18 manufacturing facilities.