“We have experienced increases in steel prices and other materials over the past year that have negatively impacted our gross margins and remain a concern as further increases are expected.”
NEWS BRIEFS
May 08
10:13
2019
In 1988 he started working at Construction Tool &Threading Company of Southern California and five years later he purchased the nuts and bolts manufacturer. He sold the company to Industrial Threaded Products in 2019.
May 06
16:16
2019
Prior to the impositions of the tariffs on June 1, 2018, the Missouri-based nail manufacturer had 500 employees, but went to less than 300 because it lost some 60% of business.
May 06
16:11
2019
Fastener Tech will be June 4-5, 2019, at the Stephens Convention Center in Rosemont, IL, near Chicago’s O’Hare International Airport.
May 06
16:10
2019
“Sales trends rebounded nicely from weak March trends, which saw a contractionary sales reading,” according to R.W. Baird analyst David Manthey.
May 01
11:54
2019
PennAuto has supplied fasteners and precision components globally to the Chassis and Safety Systems division of Continental China since 2009.
April 30
20:12
2019
Segment operating profit rose 25% due to improved production efficiencies and a more favorable product sales mix.
April 29
22:22
2019
The honor recognizes product and service quality and commitment to continuous improvement.
April 29
16:42
2019
Organic fastener segment revenue grew 7%, driven by aero engine and defense growth.
April 29
16:14
2019
During the first three months of 2019, China fastener exports gained 4.5%, with the export value up 12.8%, according to ChinaFastener.Info.
April 28
22:59
2019
Founded in 1979, the NEFDA is currently led by president Michael Lentini of Spirol International Corp. and chair Dan Bielefield of Smith Associates Inc.
April 26
14:01
2019
Revenues, operating income and margin all down in the opening quarter of 2019.
April 25
14:48
2019
“The website showcases a fresh look and improved functionality with an easy to navigate design,” the company stated.
April 25
10:56
2019
The company said automotive light vehicle production declines and lower system shipments more than offset continued fastener penetration gains.
April 24
11:32
2019
“Our plate, bar, and structural mills were strong contributors in the first quarter, and several of our downstream businesses also increased earnings as compared to the year ago period,” said CEO John Ferriola.
April 23
11:32
2019
“While our sales performance was softer than expected, largely due to a weaker demand environment, our SG&A leverage helped drive strong earnings growth in the quarter,” stated CEO DG Macpherson.
April 21
18:44
2019
AZZ Metal Coatings is a global provider of metal coating services, welding solutions, specialty electrical equipment and engineered services.
April 17
21:40
2019
Daily sales of fastener products increased to 13.5% in March, compared to a 12.4% rate of growth in March 2018.
April 17
18:40
2019
The second U.S. version of the global series of trade shows will be May 22-23 at the Cobo Center in Detroit.
April 17
18:36
2019
“We continue to believe stabilization or further moderation in the FDI is likely,” writes R.W. Baird analyst David Manthey.
