Jason Sandefur China exports of steel and copper fasteners climbed 29% to 167,949 tons during April 2006, while the value grew 21% to US$191.75 million, Xinhua News Agency reported. During...
NEWS BRIEFS
May 31
00:00
2006
Jason Sandefur Alcoa”s Engineered Solutions segment, including fasteners, recorded a 9.7% gain in sales to $5.04 billion in 2005, while operating income for the year declined 7% to $196 million...
May 31
00:00
2006
Jason Sandefur “Our goal is to continue to build the Anixter Fasteners name into a world class brand that is recognized by customers and suppliers as being the best,” CEO...
May 31
00:00
2006
Jason Sandefur In 2006 Aviall Inc. signed an agreement to be acquired by The Boeing Co. for $1.7 billion cash plus the assumption of about $350 million in debt. Valued...
May 31
00:00
2006
Jason Sandefur Following “dramatic changes” in 2004, Barnes Distri-bution, including fasteners, continued growing in 2005 with the acquisitions of auto parts supplier Service Plus Distri-butors for $13.7 million in September,...
May 31
00:00
2006
Jason Sandefur B/E Aerospace profit soared in 2005 after two years of heavy losses, with net earnings increasing to $84.6 million compared with a $22 million loss in 2004. Overall...
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...
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...
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...
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%...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
