R&B Sales Increase
April 27
00:00
2005
R&B Sales Increase
Jason Sandefur
R&B Inc. announced sales for the first quarter of 2005 increased 9% to $61.2 million, while net income grew 6% to $3.3 million. The sales gain resulted from increased sales volume from new products.
“Sales growth in the first quarter continued as customer acceptance of our new products remains high,” stated CEO Richard Berman.
Berman said R&B has set a goal of “delivering twice as many new parts in half the time by the end of 2006.”
The company also announced a 2-for-1 stock split during the first quarter. Web: rbinc.com �2005 FastenerNews.com
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