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Federal Screw Works Reports Second Quarter Results

29 January 1998

Federal Screw Works Reports Second Quarter Results

    DETROIT, Jan. 29 -- Federal Screw Works
reports net sales for the second quarter and six months ended December 31,
1997, of $25,384,000 and $50,100,000, respectively, compared to net sales of
$23,759,000 and $47,465,000 for the second quarter and six months ended
December 31 of the prior year.  Net earnings for the second quarter and six
months ended December 31, 1997, were $1,343,000 and $2,295,000, or $1.23 per
share and $2.11 per share, respectively, compared to net earnings of
$1,320,000 and $2,112,000, or $1.21 per share and $1.94 per share, in the same
periods of the prior year.
    Automotive shipments were strong.  Refrigeration shipments were reduced
from last year.
    A $0.10 per share cash dividend was paid January 5, 1998, to shareholders
of record December 5, 1997.

SOURCE  Federal Screw Works