5/4/2012 6:55:00 PM
NEWS BRIEFS
Chicago Rivet Reports Impressive First Quarter Results
Chicago Rivet & Machine Co. reported net sales soared 17.7% to $9.2 million in the opening quarter of 2012.
Income before taxes more than quadrupled to $729,734, while net income more than tripled to $493,734 and net income per share rose to $.51.
During 2011 sales rose 8.4% to $30.92 million, a “considerable improvement over 2010.”
Overall income before taxes more than doubled to $1.86 million, while net income jumped 107% to $1.25 million during 2011.
Last year the company increased its workforce by 6.2% to 221 workers. ©2012 GlobalFastenerNews.com
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