San Diego Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

WD-40 Reports Q2 Net Income of $13.7 Million

WD-40 Co., which produces its namesake lubricant as well as other chemicals, reported net income of $13.7 million, or 94 cents per diluted share, on net sales of $94.6 million in the second quarter ending Feb. 29.

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CleverMade Came on Scene Ready With Products, Production

RETAIL: Co.’s Crates, Baskets Attracted Major Retailers

KitchenAid, Rubbermaid and now CleverMade. A Carlsbad company is coming into the saturated storage industry with collapsible, space-saving options for crates and baskets that are mobile, a solution for anyone on the move, camping or packing for college.

Report: Local Beer Makers Generated $851 Million in 2015 Sales

San Diego County’s craft beer makers generated $851 million in sales while employing more than 4,500 during 2015, according to the latest annual industry impact update by National University System Institute for Policy Research.

Gremlin Competition Could Benefit San Diego

Two companies with San Diego ties will compete to build small military aircraft that will travel in swarms and be reusable up to 20 times.

San Diego Companies Can Apply for $10,000 Grant to Pursue Global Markets

The World Trade Center San Diego launched its MetroConnect Prize, a chance for companies to apply for a $10,000 grant, provided through JPMorgan Chase & Co., to assist with San Diego companies’ international efforts.

Northrop Grumman Awarded $30.3M Air Force Deal

The U.S. Air Force awarded Northrop Grumman Corp. a $30.3 million modification to a previously awarded contract for Lot 11 production of its Global Hawk aircraft.

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Strategic Partners Won’t Doom Craft Brewing

The amount of change in the craft beer industry has been rapid, vast and disruptive over the past 10-plus years. Craft-beer-centric regions like San Diego, Colorado and the Pacific Northwest have been particularly exciting and even other historically less craft-beer-centric regions such as Austin, Atlanta, Chicago and Ashville have turned into new craft hubs, complete with craft beer tourism.

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Craft Glue

BREWING: In a Competitive, Growing Industry, Brewers Employ Stock, Cash, Culture and Other Methods to Retain Workers

The nation’s craft beer companies brewed 24.5 million barrels in 2015, according to figures recently reported by the Brewers Association trade group, besting the prior year’s production by 13 percent as retail sales grew by 16 percent, reaching $22.3 billion.

Unlike El Nino, No Signs of Let Up for Roofing Demand

CONTRACTING: Cos. Scheduling Maintenance, Repairs Months Ahead

When it rains, it pours. At least, that’s what many would-be roof repair customers thought last fall when talks of a “monster” El Nino filled the news. While the severe rains didn’t quite materialize in San Diego, the roof repair demand did.

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Gun Parts Co. Aims For Less Controversy

RETAIL: Updated Equipment, Lower Profile Are New Strategy

New ownership has taken over an Oceanside-based gun component and accessories manufacturer — the target of a 2014 raid by federal agents over allegedly improper sales — aiming to attract less negative attention and concentrate on management fundamentals.

Turtle Beach Reports Q4, Yearly Results

Video game headset maker Turtle Beach Corp. on March 24 reported annual revenue of $162.7 million, down from $186.2 million in 2014, attributing the drop to a faster than expected decline in revenues from older generation products and the strong dollar’s negative impact on its international sales.

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Wheeling More Power

TRANSPORTATION: San Diego Emerges as Hotbed of Electric Bike Industry

Electric bikes are far from ubiquitous on California streets but are quickly growing in popularity as American consumers catch up to the far more ebike friendly Europe and Asia. And San Diego is a hotbed of ebike makers, with both American headquarters of major European manufacturers and budding local companies.

EDF Renewable Energy Sells Assets of Proposed Solar Project

San Diego’s EDF Renewable Energy on Wednesday said it had sold the development assets of a proposed 20-megawatt solar power project in San Bernardino County to a subsidiary of Charlotte, N.C.-based Duke Energy.

RF Industries Reports Q1 Net Loss of $353K on Net Sales of $7M

RF Industries Ltd., which makes cable assemblies and connectors for electronics, reported a first quarter net loss of $353,000, or 4 cents per share, on net sales of $7 million.

WD-40 Declares Quarterly Dividend

Directors of WD-40 Co. named Daniel T. Carter to a seat on its board of directors, effective March 21.