Jacuzzi Brands said net sales for the nine months ended June 30 were up 10.6% to $865.2 million from $782.1 million. Operating income for the 2003 year-to-date period remained stable at $69.3 million vs. $69.7million for the same period last year. Operating income for the 2003 and 2002 year-to-date periods also included restructuring and severance charges of $8.3 million and $6.4 million, respectively. Net sales and operating income for the 2003 nine-month period included $8.6 million of revenue from a technology license sale.
Income from continuing operations for the first nine months of fiscal 2003 increased to $26 million, or $0.35 per diluted share, from $1.8 million, or $0.02 per diluted share, for the same period last year.