CPAC Inc. eked out a quarterly profit despite a 5 percent drop in sales for the period, the company announced Wednesday.
The maker of Fuller Brush cleaning products and of photographic chemicals is headquartered in the Livingston County community of Leicester, about 45 miles east of Buffalo.
Sales for the quarter ended Sept. 30 were $22.3 million, down from $23.5 million a year ago.
Profits rose to $207,000, or 4 cents per share, compared to a loss of $136,000 or 3 cents a share last year.
The profits reflect the success of cost-control initiatives and improved profit margins, the company said.
"Our continued dividend underscores our belief that our fiscal restraint during our restructuring period will soon be reflected in increased profits going forward," president and chief executive Thomas N. Hendrickson said in a statement.
The board declared a quarterly cash dividend of 7 cents per share, payable Dec. 17 to shareholders of record on Nov. 24.
The decline in overall sales masked strong increases for the Fuller Brush segment and for two international imaging locations, the company said.