Federal Screw Sales Drop

Jason Sandefur

Federal Screw Works reported net sales for the second quarter of fiscal 2004 fell 5% to $21.8 million, while net earnings declined 15.6% to $103,000.

For the first six months of fiscal 2004, sales for the St. Clair Shores, MI-based manufacturer slipped 8.5% to $42.2, and net earnings declined 80% to $115,000. Web: federalscrew.com �2004 FastenerNews.com