Fastenal Co. reported fastener sales growth in January nearly doubled December’s growth rate.
Global Fastener News
Operating income declined 28% to $22.6 million, while net income fell to $6.2 million.

The FIN Fastener Stock Index lost 11.5% in 2022, besting a 15.5% decline by an index of related industrial stocks. Amid the uncertainty, at least four publicly-traded companies with fastener products achieved nearly double-digit gains, though significant losses were more likely.

Organic growth was common in early returns, with margins slowly improving and inventories declining as the supply chain works through late-pandemic kinks.

Round body rivet nut has a proprietary knurl and wedge design underneath the head for better grip.

Boeing said it doesn’t anticipate a major disruption to aircraft output in the near term after stopping titanium purchases from Russia, Bloomberg reports.