Global Fastener News

FIN STOCK REVIEW

FIN Stock: BOSSARD

May 20
23:10 2019

The Switzerland-based company described the business environment in the U.S. as “difficult,” with sales declining 10.9% to CHF 53.8 million (-11.8 percent in local currency).

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FIN Stock: CARPENTER TECHNOLOGY

May 20
23:05 2019

Carpenter Technology Corp. reported revenue declined 4% to $585.4 million in the third quarter of fiscal 2020 on 9% lower volume, with operating income falling 22% to $39.9 million.

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FIN Stock: CHICAGO RIVET

May 20
23:00 2019

Chicago Rivet & Machine Co. reported sales dropped 12.1% to $7.6 million in the first quarter of 2020 “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.” 

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FIN Stock: DORMAN PRODUCTS

May 20
22:55 2019

Dorman Products reported sales, including fasteners, increased 6% to $257.7 million in the first quarter of 2020. 

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FIN Stock: EACO (Bisco Industries)

May 20
22:50 2019

Bisco Industries reported revenues, including fasteners, increased 9.2% to $112.9 million in the first six months of fiscal 2020, which ended February 29. 

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FIN Stock: FASTENAL

May 20
22:45 2019

Fastenal Co. reported fastener sales declined 2.6% to $449.7 million (32.9% of overall sales) in the opening quarter of 2020.

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FIN Stock: GRAINGER

May 20
22:40 2019

In June 2020 Grainger agreed to sell Fabory and its subsidiaries to Dutch capital firm Torqx Capital Partners for an undisclosed sum.  Grainger acquired Netherlands-based Fabory in 2011 for $346 million. 

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FIN Stock: HOWMET AEROSPACE

May 20
22:36 2019

Howmet Aerospace Inc. officially split from Arconic to become an independent company trading on the New York Stock Exchange under the ticker “HWM.”

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FIN Stock: ITW

May 20
22:35 2019

ITW reported Automotive OEM revenue, including fasteners, fell 13.7% to $696 million in the first quarter of 2010.  Segment organic revenue dropped 13% in North America, 9% in Europe and 21% in China.

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FIN Stock: LAWSON PRODUCTS

May 20
22:25 2019

Lawson Products sales declined slightly to $91 million in the first quarter of 2020, reflecting a 3.1% decrease in the Lawson segment sales rep productivity driven by decreases within government and core customers late in the quarter.

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FIN Stock: MSC INDUSTRIAL

May 20
22:20 2019

MSC Industrial Supply Co. reported sales declined 1% to $823.6 million in the first quarter of fiscal 2020, which ended November 30.

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FIN Stock: NUCOR

May 20
22:15 2019

Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 12% to 126,000 tons in the first quarter of 2020.

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FIN Stock: PARK-OHIO

May 20
22:10 2019

Park-Ohio reported Supply Technologies segment sales, including fasteners, declined 15% to $141 million in the first quarter of 2020, hurt by decline in demand in the heavy-duty truck, aerospace and defense, automotive, and industrial equipment markets.

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FIN Stock: SIMPSON MFG

May 20
22:05 2019

Simpson Mfg. reported sales, including fasteners, rose 9.4% to $283.7 million in the first quarter of 2020, with operating profit up 64% to $49.4 million and gross margins improving.

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FIN Stock: STANLEY BLACK & DECKER

May 20
22:00 2019

During Q1, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion in cash. 

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FIN Stock: TRIMAS

May 20
21:55 2019

TriMas Corp. reported sales in its Aerospace segment increased 7.3% to $48.9 million in the first quarter of 2020 due to the February acquisition of RSA Engineered Products and solid demand for fastener products.

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FIN Stock: WESCO AIRCRAFT

May 20
21:50 2019

Platinum Equity took Wesco Aircraft private when it acquired the company in January 2020 for $1.9 billion. 

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FIN Stock: WÜRTH

May 20
21:45 2019

Würth Group reported E-business sales in the first quarter of 2020 improved by 9.5%.

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