“With so many significant fastener deals completed during 2017, it was not easy selecting the ‘Top Ten’,” Pinnacle Capital CEO Richard Hagan observed.
FIN STOCK REVIEW
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.
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.
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.
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.”
May 31
22:55
2017
“We are pleased to announce another successful year highlighted by record sales and earnings,” stated CEO Matt Barton.
May 31
22:50
2017
Bisco Industries opened three new sales facilities in fiscal 2016.
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.
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.”
May 31
22:35
2017
ITW reported Automotive OEM revenue, including fasteners, grew 9% to $901 million in the opening quarter of 2018.
May 31
22:30
2017
In 2018, Boeing agreed to acquire aerospace fastener supplier KLX Inc. for $4.25 billion.
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."
May 31
22:20
2017
CEO Erik Gershwind called fiscal 2017 the company’s “first year of significant earnings growth since 2012.”
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.
May 31
22:10
2017
“Most economic indicators suggest modest organic growth in the industrial sector for 2017,” stated CEO Edward Crawford.
May 31
22:05
2017
“2017 was a highly productive year” at Simpson Manufacturing.
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.
May 31
21:55
2017
Overall TriMas sales increased 3% to $817.7 million in 2017, with operating profit growing to $88.5 million.
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.
