After tumbling 30.3% in the opening quarter of 2020, the FIN Fastener Stock Index rebounded in the second quarter, achieving a 26.7% gain during the period compared to a 19.6% gain by an index of related industrial stocks during the first full quarter of the pandemic.
HEADLINES
July 28
19:16
2020
“Not only are we overwhelmed and terrified, but based on the numbers for the rest of the country, it’s only going to get worse for us.”
July 28
18:40
2020
“Due to the State of California's shutdown on July 13,2020, reverting back to Phase 1 with no reopening date on the horizon, this unfortunate and unforeseeable circumstance is forcing STAFDA to cancel its November 8-10 convention in Anaheim.”
July 28
16:49
2020
“Sales trends were better than seasonally expected for a majority of respondents, the first time that has occurred since January,” R.W. Baird analyst David Manthey wrote.
July 28
15:43
2020
The Pacific-West Fastener Association, Southeastern Fastener Association and Southwestern Fastener Association were to meet in San Antonio.
July 28
13:10
2020
Adam Derry becomes the third Derry to be president of the National Fastener Distributors Association.
July 28
12:53
2020
The deal for the Santa Fe Springs, CA-based fastener distributor marks LINC Systems’ third acquisition in 2020.
July 28
12:30
2020
The 9th biennial FFS is scheduled May 18-20, 2021, in Germany.
July 28
11:25
2020
In March 1980, SWD began black oxidizing, cleaning and pickling on used equipment with three employees in a 9,000 sq ft facility.
July 28
10:32
2020
Birmingham Fastener and Supply Inc. became a master distributor of Nucor fasteners to better serve their customers. This partnership enables Birmingham Fastener to provide immediate turnaround of hex cap screws....
July 28
09:20
2020
The Socket Products course is about safely selling, using and processing socket products, which have high strength and high precision.
July 28
07:19
2020
Gothenburg, Sweden-based TensionCam Systems AB develops sensors for clamp force monitoring in screw joints.
July 01
23:33
2020
“We continue to monitor the situation and will aim to bring you the latest, most relevant updates,” show owner Emerald Expositions announced.
July 01
22:36
2020
Before COVID-19, ITR Economics was forecasting the first half would be a mild slowing, picking up in the second half.
July 01
22:02
2020
Endries marking 50th anniversary this year and All-West’s Rick Peterson finishes 50 years in the fastener industry.
July 01
21:41
2020
Johnson of Birmingham Fastener Inc. succeeds Manny DeSantis of Valley Fastener Group.
July 01
20:47
2020
This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax.
July 01
20:30
2020
Founded in 1947 as Borstlap & Sons, Netherlands-based Fabory employs 1,100 to supply fasteners to more than 60,000 customers in EU markets.
July 01
20:15
2020
Founded in 1950, Everite provides electrochemical grinding technology to multiple industries, including the medical and aerospace markets.
July 01
19:45
2020
The buyer is one of the largest raw material suppliers for fasteners in northern China.
