SPS Sales Edge Up; Profits Slide
February 11
00:00
2002
SPS Sales Edge Up; Profits Slide
John Wolz
SPS Technologies Inc. reported net sales increased 5.2% from 2000 to $918.1 million for 2001. Net earnings fell 51% from 2000 to $21.6 million for 2001.
The year end figures follow a net loss of $4.2 million for the fourth quarter and sales slipped 3.1% to $207.7 million.
For the year ended December 31, 2001, incoming orders totaled $914 million, compared with $900.5 million for 2000. Web: spstech.com �2002 FastenerNews.com
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