Paulin Q2 Sales
September 10
00:00
2002
Paulin Q2 Sales
Jason Sandefur
H. Paulin & Co. reported Q2 sales for 2002 were a record $33.35 million, up 12% from the previous year and 21% from Q1. First half sales jumped 8% to $60.994 million. Sales growth in Q2, which ended June 30, was primarily due to gains in hardware, industrial and automotive markets, the company stated.
Net income for the first half rose 8% to $1.9 million. Q2 net income soared 21% to $1.216 million. H1 capital expenditures rose 25% to $2 million.
Scarborough, Ontario-based Paulin manufactures and distributes a range of fasteners and components. Tel: 416 694-3351 E-mail: paulin@paulin.com
�2002 FastenerNews.com
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