PennEngineering Posts Fastener Gains

May 01

00:00 2003

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Jason Sandefur

PennEngineering reported fasteners outperformed other business segments in the first quarter of 2003, with operating income improving 67% to $1.33 million on a 21% sales increase to $23.6 million. Overall, the Danboro, PA, manufacturer posted a 45.5% increase in Q1 net income to $540,000, while sales grew 27% to $44.8 million. Web: penn-eng.com �2003 FastenerNews.com

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