U.S. Industries, parent company of Jacuzzi, Zurn, Sundance Spas and Eljer, reported increased sales for both the fourth quarter and year. Net sales of $309.8 million for the three months were 10.4% above the previous year's fourth quarter; sales for the year of $1.159 billion, were up 4.7% vs. 2001.
Net income for the fourth quarter and the year ended Sept. 30 were $23.6 million and $41.6 million, vs. net losses of $277.6 million and $524.6 million respectively for comparable periods last year.