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Bairnco Corporation history
Bairnco Corporation company history timeline
At the end of fiscal 1989 Bairnco's earnings were back in the black--a $7 million profit on sales of $196.6 million--and plans for another reorganization got underway.
With these moves, Bairnco officials thought liability problems had ended, and Keene filed for relief under Chapter 11 of the Bankruptcy Code in 1993.
Bairnco's net sales increased 3.4 percent to $150.51 million in 1995.
During 1997, Arlon's Electronic Substrates and Microwave Materials product lines continued to implement lower-cost solutions in order to increase commercial sales and penetration of electronic applications in the consumer market.
Operating profit before the provision for litigation costs was $12.03 million, down from $15.6 million in 1997.
At year-end 1998, $2.5 million remained available for additional stock repurchases.
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