Global Fastener News

R&B Sales & Profit Surge

April 30
00:00 2004

R&B Sales & Profit Surge

Jason Sandefur

Sales for automotive OEM and fastener supplier R&B Inc. grew 11% to $56 million for the first quarter of 2004, while net income jumped 50% to $3.3 million. CEO Richard Berman predicted sales would remain strong throughout the year, though profit was not likely to increase as dramatically as it did during Q1.
“Our strong first quarter sales growth reflects the continued success of our new products.””
Q1 sales volume was influenced by shipments to a new customer for R&B”s Pik-A-Nut home hardware business, Berman noted. Web: rbinc.com �2004 FastenerNews.com

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

error: Content is protected !!