LIONVILLE, Pa. (Oct. 21)—Medical parts maker West Pharmaceutical Services Inc. posted net income of $4.1 million on sales of $120.1 million, up from earnings of $3.6 million on sales of $104.1 million, in the third quarter, the company announced Oct. 21. The earnings total included costs of $700,000 after taxes associated with the January explosion and fire at West's Kinston, N.C., plant, in which six employees were killed. Total legal, investigational and environmental response costs emanating from the accident now stand at $9.9 million for the year, the company reported. Through three quarters, West posted a net income of $14.8 million on sales of $364.3 million, compared to earnings of $15 million on sales of $312.3 million in 2002. The company also expects revenue growth for the remainder of 2003 to be in the 8- to 10-percent range.
West reports sales, earnings boosts in third quarter
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