Global Fastener News

FIN STOCK REVIEW

2017 Ties 2016 As Top Acquisition Years

June 04
16:34 2018
  2017 Ties 2016 As Top Acquisition Years

“With so many significant fastener deals completed during 2017, it was not easy selecting the ‘Top Ten’,” Pinnacle Capital CEO Richard Hagan observed.

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FIN Stock: ARCONIC

May 31
23:15 2017

Arconic reported revenue for its Engineered Products and Solutions (EP&S) segment - primarily aerospace fasteners - increased 4% to $1.5 billion in the first quarter of 2018.

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FIN Stock: BOSSARD

May 31
23:10 2017

In 2017, Bossard Americas celebrated the grand opening of its Silicon Valley-based Bossard Design Center, a 10,000 sq ft fastener design and testing facility located 20 miles east of the largest U.S. electric vehicle manufacturer, Tesla.

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FIN Stock: CARPENTER TECHNOLOGY

May 31
23:05 2017

“All Aerospace sub-markets generated growth, except fasteners, which continues to be impacted by inventory channel adjustments,” the company stated.

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FIN Stock: CHICAGO RIVET

May 31
23:00 2017

“During 2017, fastener segment margins were pressured due to greater quality related expenses and a reversal of the favorable raw material prices experienced in 2016.”

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FIN Stock: DORMAN PRODUCTS

May 31
22:55 2017

“We are pleased to announce another successful year highlighted by record sales and earnings,” stated CEO Matt Barton.

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FIN Stock: EACO (Bisco Industries)

May 31
22:50 2017

Bisco Industries opened three new sales facilities in fiscal 2016.

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FIN Stock: FASTENAL

May 31
22:45 2017

Fastenal Co. capped a turnaround year of fastener sales growth with a double-digit performance in the fourth quarter of 2017.

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FIN Stock: GRAINGER

May 31
22:40 2017

“Overall we were pleased with the year,” stated CEO DG Macpherson. “We made progress by removing the pricing barrier... while improving our cost structure.”

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FIN Stock: ITW

May 31
22:35 2017

ITW reported Automotive OEM revenue, including fasteners, grew 9% to $901 million in the opening quarter of 2018.

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FIN Stock: KLX

May 31
22:30 2017

In 2018, Boeing agreed to acquire aerospace fastener supplier KLX Inc. for $4.25 billion.

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FIN Stock: LAWSON PRODUCTS

May 31
22:25 2017

“We finished 2017 with a 17.8% increase in average daily sales driven by both acquired revenue and a 6.1% growth within our Lawson business segment."

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FIN Stock: MSC INDUSTRIAL

May 31
22:20 2017

CEO Erik Gershwind called fiscal 2017 the company’s “first year of significant earnings growth since 2012.”

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FIN Stock: NUCOR

May 31
22:15 2017

“While not back to pre-recession levels, our 2017 earnings are more than double Nucor’s average comparable reported earnings of $483 million during the 2010 to 2016 time period,” the company stated.

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FIN Stock: PARK-OHIO

May 31
22:10 2017

“Most economic indicators suggest modest organic growth in the industrial sector for 2017,” stated CEO Edward Crawford.

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FIN Stock: SIMPSON MFG

May 31
22:05 2017

“2017 was a highly productive year” at Simpson Manufacturing.

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FIN Stock: STANLEY BLACK & DECKER

May 31
22:00 2017

Full-year Industrial segment revenue rose 5.8% to $1.95 billion, with profit up 15.7% to $352 million.

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FIN Stock: TRIMAS

May 31
21:55 2017

Overall TriMas sales increased 3% to $817.7 million in 2017, with operating profit growing to $88.5 million.

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FIN Stock: WESCO AIRCRAFT

May 31
21:50 2017

Full-year net sales declined 3.2% to $1.43 billion, with operating loss of $208.8 million and net loss of $237.3 million.

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FIN Stock: WÜRTH

May 31
21:45 2017

2017 was “a record year for the Würth Group.”

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