SPS Q3 Sales Down

Jason Sandefur

SPS Technologies Inc. reported third quarter net sales dropped 12% to $205.1 million, and incoming orders fell 7% to $200.4 million. Q3 net loss totaled $6.3 million.
For the first nine months of 2002, net sales fell 13% to $628.78 million, while gross profit dipped 31% to $108.4 million. Jenkintown, PA-based SPS reported that nine-month incoming orders sank 16% to $620.9 million. Web: spstech.com � 2002 FastenerNews.com