...Sales for the current fiscal year were $8.1 million,
...We hired a new Vice President of Sales and have been fully staffed since the end of 2009. Consequently, our quote activity has steadily increased and was above historical levels during the fourth quarter of fiscal 2010 and into the first quarter of fiscal 2011.
...Offsetting this decline was increased activity in the road and bridge business, B&B Roadway. In early 2009 the federal government passed a stimulus program that included funds for infrastructure projects such as roads and bridges. During fiscal year 2009 and 2010, state and local agencies had put budgeted projects on hold in anticipation of receiving federal funding. Despite mixed success obtaining federal funds, these state and local projects have begun to be released and sales increased substantially during the fourth quarter at B&B Roadway, which ended the year at $4.0 million, up approximately $0.6 million, or 18.3%, from fiscal 2009. The backlog of orders at August 31, 2010 is approximately $3.5 million with the majority scheduled to ship by March 2011.
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