Global Fastener News

NEWS BRIEFS

STOCK REVIEW: BLACK & DECKER

May 31
00:00 2006

Jason Sandefur Fastener sales growth for Black & Decker slowed in 2005, increasing 7% to $659.7 million after a growth rate of 11% during 2004. But profit was up, with...

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STOCK REVIEW: CHICAGO RIVET & MACHINE

May 31
00:00 2006

Jason Sandefur Calling 2005 “one of the more difficult years in the company”s history,” Chicago Rivet & Machine Co. reported fastener profit fell 93.7% to $180,156 despite a 4.5% rise...

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STOCK REVIEW: DANAHER

May 31
00:00 2006

Jason Sandefur After a strong performance in 2004, Danaher”s Tools & Components segment, including fasteners, reported sales dipped 1% to $1.29 billion in 2005, but operating profit edged up $1...

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STOCK REVIEW: FASTENAL

May 31
00:00 2006

Jason Sandefur Despite rising fuel costs, Fastenal Inc. reported a 27.4% increase in profit to $166.8 million during 2005. Sales rose 23% to $1.52 billion, while operating income improved 29.3%...

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STOCK REVIEW: FEDERAL SCREW WORKS

May 31
00:00 2006

Jason Sandefur Federal Screw Works trimmed its losses with net sales for the third quarter of fiscal 2006 dropped 7% to $22.08 million. The St. Clair Shores, MI-based fastener maker...

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STOCK REVIEW: GENERAL ELECTRIC

May 31
00:00 2006

Jason Sandefur General Electric Co. reported Con-sumer and Industrial segment sales, in-cluding fastener distributor GE Supply Logistics, rose 2.3% to 14.09 billion, while segment profit soared 21.6% to $871 million...

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STOCK REVIEW: HONEYWELL

May 31
00:00 2006

Jason Sandefur Capping a profitable year, Honeywell Inc. reported aerospace sales, including fasteners, increased 7.7% to $10.5 billion, while segment profit grew 15% to $1.7 billion. Aerospace sales during the...

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STOCK REVIEW: ITW

May 31
00:00 2006

Jason Sandefur Illinois Tool Works kept up its double-digit growth in 2005, with revenue rise 10% to a record $12.92 billion and net income increasing 11.7% to $1.49 billion. ITW...

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STOCK REVIEW: LAWSON PRODUCTS

May 31
00:00 2006

Jason Sandefur In December 2005 Lawson Products Inc. bought Rutland Tool & Supply Co., a distributor of metalworking tools, machine tools, fasteners and related MRO supplies, for about $15 million,...

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STOCK REVIEW: NUCOR

May 31
00:00 2006

Jason Sandefur Sales at Nucor Corp. rose 12% to $12.7 billion in 2005, while profits climbed 16.8% to $1.31 billion. The average scrap and scrap substitute cost per ton used...

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STOCK REVIEW: PARK-OHIO

May 31
00:00 2006

Jason Sandefur Park-Ohio Holdings Corp. consolidated sales grew 15.3% to $932.8 million in 2005, while net income more than doubled to $30.8 million. In July 2005 Park-Ohio acquired Memphis, TN-based...

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STOCK REVIEW: H. PAULIN & CO.

May 31
00:00 2006

STOCK REVIEW: H. PAULIN & CO. Jason Sandefur H. Paulin & Co. reported strong earnings growth in 2005, with net profit growing 21% to CAD$6 million on a 5.7% increase...

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STOCK REVIEW: PRECISION CASTPARTS

May 31
00:00 2006

Jason Sandefur Precision Castparts Corporation”s fastener sales topped $800 million in fiscal 2006, boosted by organic growth from recently acquired Air Industries Corp. PCC reported fastener revenue grew 19.8% to...

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STOCK REVIEW: TEXTRON

May 31
00:00 2006

Jason Sandefur Textron Inc. decided to sell its fastener division, Textron Fastening Systems, plagued by mounting losses from a slumping domestic auto industry. During 2005 TFS closed its new $35...

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STOCK REVIEW: GRAINGER

May 31
00:00 2006

Jason Sandefur W.W. Grainger Inc. significantly expanded its fastener offerings in 2005, undertaking what Purchasing magazine described as the biggest product expansion in its 78-year history by adding more than...

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STOCK REVIEW: R&B (Dorman Products)

May 31
00:00 2006

Jason Sandefur R&B Inc. is changing its name to Dorman Products Inc. “The change from R&B, Inc. to Dorman Products, Inc. will present a sharper image of the company and...

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Wire Expo Attendance Edges Up

May 26
00:00 2006

Jason Sandefur Wire Expo 2006 attendance edged up to 2,407 at the 76th annual Wire Association International convention in Boston during May. The last Wire Expo held two years ago...

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WAFD Panelists: RoHS a Growing Global Issue

May 11
00:00 2006

John Wolz Fastener manufacturers and distributors may think RoHS is a European issue now, but lot traceability on compliant fasteners may be important soon in North America.\ If the state...

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Wire Demand on Rise Again

May 11
00:00 2006

John Wolz Editor”s Note: The following column is presented by Taiwan-based Fastener World magazine as part of a news column exchange with FIN. Rising petroleum prices have increased the price...

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‘How to Buy Fasteners’ Panelists Urge Communication With Suppliers

May 08
00:00 2006

John Wolz Communicate with suppliers, panelists on the “How to Buy Fasteners session at the Southwestern Fastener Expo advised new purchasing staff. “Know your suppliers,” Steve Cabral of Lone Star...

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