Federal Screw Works Reports Year-End Results

ST. CLAIR SHORES, Mich., Aug. 15  /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports a net loss for the fourth quarter ended June 30, 2008, of $(649,000), or $(.47) per share, on sales of $14,533,000.  This compares to net earnings of $511,000, or $.37 per share, on sales of $20,236,000 in the comparable quarter last year.  For the year ended June 30, 2008, the Company reports a net loss of $(2,792,000), or $(2.02) per share, on sales of $63,057,000.  For the year ended June 30, 2007, the Company reported a net loss of $(2,488,000), or $(1.80) per share, on sales of $72,983,000.

The Board of Directors has declared a regular quarterly cash dividend of $.10 per share, payable October 3, 2008, to shareholders of record September 3, 2008. 

DATASOURCE: Federal Screw Works



CONTACT:  W. T. ZurSchmiede, Jr., Chairman and CFO of Federal Screw

Works, [phone]



Web site:  http://www.federalscrew.com/ 

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