Chicago Rivet Profit Grows
August 13
00:00
2007
Chicago Rivet Profit Grows
Jason Sandefur
Chicago Rivet & Machine Co. reported operating earnings increased 11% to $775,399 during the second quarter of 2007, with net income growing 11.7% to $523,399. Q2 revenue dropped 8% to $10.13 million.
Sales during the first half of 2007 declined 8.7% to $20.1 million, while operating revenue slipped 3.8% to $1.23 million. Six-month net income declined 2.8% to $833,671.
Chicago Rivet returned to profitability in 2006, with net income rising to $1.12 million on a 1.5% increase in net sales to $40.4 million. Web: chicagorivet.com �2007 FastenerNews.com
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