Metalclad Corp.: The Anaheim-based insulation and asbestos-abatement...

Metalclad Corp.: The Anaheim-based insulation and asbestos-abatement company reported 1989 net income of $1.2 million, contrasted with net income of $430,000 for 1988. The 1989 total included an extraordinary gain of $392,000; in 1988, the company had an extraordinary gain of $136,000. Revenue rose 34% to $31.1 million from $23.1 million a year earlier. The company attributed the higher net income to an increase in contracts and a gain of $152,000 from a sale of assets.