Federal Screw Works Year-End Report

ST. CLAIR SHORES, Mich., Aug. 17  /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports net earnings for the fourth quarter ended June 30, 2007, of $511,000, or $.37 per share, on sales of $20,236,000.  This compares to net earnings of $997,000, or $.72 per share, on sales of $22,299,000 in the comparable quarter last year, which included $1,326,000, or $.96 per share, related to a gain on an insurance settlement.  For the year ended June 30, 2007, the Company reports a net loss of $(2,488,000), or $(1.80) per share, on sales of $72,983,000.  For the year ended June 30, 2006, the Company reported a net loss of $(931,000), or $(.67) per share, on sales of $84,032,000.

The Board of Directors has declared a regular quarterly cash dividend of $.10 per share, payable October 1, 2007, to shareholders of record August 31, 2007. 

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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