SPS To Boost Capital Spending
March 26
00:00
2003
SPS To Boost Capital Spending
Jason Sandefur
Despite weak sales that fell 9.6% for 2002, SPS Technologies Inc. expects to increase 2003 capital spending 46% to $30.5 million. The announcement was included in SPS� 2002 annual report filed Friday. Last year the Jenkintown, PA, fastener manufacturer reported capital expenditures of $20.9 million, while net earnings dropped 72.8% to $6.1 million. Web: spstech.com �2003 FastenerNews.com
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