Federal Screw Earnings Drop
August 08
00:00
2003
Federal Screw Earnings Drop
Jason Sandefur
Federal Screw Works reported sales for the fourth quarter of fiscal 2003 dropped 10% to $24.06 million, while net earnings for the St. Clair Shores, MI-based manufacturer slipped 24.6% to $1.81 million.
For fiscal 2003, sales remained flat at $95.4 million, and net earnings fell 26.7% to $3.3 million. Web: federalscrew.com �2003 FastenerNews.com
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