In 2018, Arconic broke off talks with a buyer for a $10 billion deal to acquire the aerospace fastener distributor.
FIN STOCK REVIEW
May 20
23:10
2019
The Bossard Group “continued to face challenging market conditions” in the third quarter of 2019, with sales up 2.7% to CHF 218.5 million (US$219.2 million).
May 20
23:05
2019
Sales to the Aerospace and Defense market increased 21% to $1.2 billion on 18% higher shipment volume.
May 20
23:00
2019
The company said fastener segment sales reflected growth in each quarter, with much of that growth coming from non-automotive customers.
May 20
22:55
2019
“This past year will be remembered as a milestone in Dorman’s history,” stated CEO Kevin Olsen.
May 20
22:50
2019
Bisco Industries reported revenues, including fasteners, increased double digits in fiscal 2018, with gross profit rising.
May 20
22:45
2019
Fastenal Co. reported fastener product sales grew 3% to approximately $464.7 million (33.7% of total sales) in the third quarter of 2019. Sales of non-fastener products grew 8% during the period.
May 20
22:40
2019
“Our key accomplishments included U.S. segment volume growth of 8 percent, a profitable fourth quarter for the Canadian business and double-digit revenue growth for our single channel businesses, all while reducing our cost structure,” stated CEO DG Macpherson.
May 20
22:35
2019
ITW reported Automotive OEM revenue, including fasteners, rose 2.1%, while operating income improved 0.5% and margins declined to 22.5%.
May 20
22:30
2019
Boeing completed its $4.25 billion acquisition of KLX on Oct. 9, its largest purchase since buying McDonnell Douglas in 1997 for $13.3 billion.
May 20
22:25
2019
During 2018, Lawson Products acquired Screw Products Inc. Based in Dallas, SPI distributes bulk industrial products to large manufacturers and job shops.
May 20
22:20
2019
MSC Industrial Supply acquired All Integrated Solutions (AIS) from private equity firm High Road Capital Partners for approximately $86 million.
May 20
22:15
2019
Nucor Corp. reported Cold Finished Steel segment sales, including results from Nucor Fastener, increased 17% to 569,000 tons in 2018.
May 20
22:10
2019
“Our fastener manufacturing business continues to perform well, increasing sales of its self-piercing and clinch products to new customers around the world,” stated CFO Patrick Fogarty.
May 20
22:05
2019
“2018 was a year of solid operational execution for our company,” stated CEO Karen Colonias.
May 20
22:00
2019
Stanley Black & Decker completed its $440 million acquisition of Elyria, OH-based Nelson Fastener Systems, which manufactures fasteners for the aerospace, automotive, construction, energy, industrial and military markets.
May 20
21:55
2019
Full-year Aerospace segment edged up 0.9%, while segment operating profit increased 3.3%.
May 20
21:50
2019
Full-year sales rose 10% to $1.57 billion, with operating income at $109.5 million and net income totaling $32.7 million.
May 20
21:45
2019
Würth Group reported sales grew 7.1% in 2018, with its electronics and electrical wholesaling units posted above-average growth rates.
