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, +1-586-443-4152 Web site: http://www.federalscrew.com/

Copyright