Paulin Sales Improve

H. Paulin & Co. reported sales for the third quarter of 2003 rose 2% to $32.4 million, while net income sank 3% to $848,000. Manufacturing accounted for $25.6 million in sales, and distribution added $9.7 million. President Richard Paulin said Q3 sales growth slowed due to weaker industrial and export sales.
For the first nine months of 2003, sales gained 8% to $99.9 million, while net income increased 9% to $2.8 million. Manufacturing contributed $81.2 million in nine-month sales, while distribution added $28.5 million. Web: hpaulin.com �2003 FastenerNews.com