Fastener Revenues and Profits Rise Amid Battered Shares
FEATURE
Below are summaries from several public companies with fastener holdings.
Park Ohio said both logistics services and manufactured product segments achieved growth.
TRW reported “strong” market position and profitable growth initiatives, even as profit growth slowed.
LB Foster: “We expect to continue to experience a highly competitive market environment for the next nine months and we are concerned about the likelihood of a satisfactory resolution of transportation legislation.”
Precision Castparts: “The fastener business continues to lag this aerospace recovery; the bottom is definitely behind us, however, and the order books are gaining steady traction over the next three to four quarters.”
Monogram Aerospace: Trimas continues to invest in “this high-margin segment by developing and marketing highly- engineered products for aerospace applications.”
For more fastener stock coverage, watch for the upcoming issue of FIN.
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