Fastener Segment Sales Rise
FEATURE
Fastener Segment Sales Rise
Several publicly held companies with fastener operations reported rising sales in 2015.
Aerospace and automotive fasteners provided the most consistent growth, especially in emerging markets.
Those companies with sales declines found productivity and cost improvements to help offset top line shortfalls.
Alcoa Fastener Segment Sales Rise — In January 2016, Alcoa announced long-term supply contracts with Boeing valued at over $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever.
Stanley Black & Decker Fastener Productivity Rises — Full-year Industrial segment sales dropped 5.2% to $1.94 billion, with profit down 3% to $339.9 million.
Fastener Sales Rebound at Fastenal — Overall sales to manufacturing customers increased 1.9%, while sales to non-residential construction customers improved 1.2%.
Nucor Fastener Segment Sales Decline — Overall Nucor sales decreased 22% to $16.44 billion in 2015, while total tons shipped to outside customers dropped 11% to 22.7 million tons.
ITW Fastener Segments See Organic Growth — Automotive OEM organic revenue, including fasteners, grew 5%, including 10% growth in Europe, 4% growth in North America and 14% growth in China.
For the last eight years of fastener performance, FIN Subscribers can click on FIN Stock Review.
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