Dorsey Has Strong First Quarter

Chairman Marilyn Marks cited progress in 1998 in all operating areas, including cost reductions, product mix improvement, increased distribution and plant productivity.

"The progress continues at an even faster pace in 1999," she said.

Dorsey had a net income of $512,000, or 10 cents for each basic share, in the three months that ended March 31, compared with a net loss of $647,000 (13 cents) in the same period in 1998. Sales rose 26.8% to $44.8 million from $35.4 million.