Federal Screw Sales Fall

Jason Sandefur

Federal Screw Works reported net sales dropped 18% to $16.2 million during the first quarter of fiscal 2007. The St. Clair Shores, MI-based fastener manufacturer reported a quarterly loss of $1.4 million, compared with a $767,000 loss during the first quarter of fiscal 2006. Web: federalscrew.com �2006 FastenerNews.com