CEO cites headwinds, including “drastic” increases in the price of materials, energy supply concerns in Europe, corona measures in China and production backlogs.
February 14
15:55
2023
Previously Waidelich served as VP of Aircraft Fasteners Int’l and has 15 years of industry experience.
February 14
12:09
2023
Fastening Systems revenue rose 11% in the fourth quarter of 2022 due to growth in the commercial aerospace market, with narrow body recovery as well as an increase in material cost pass through.
February 14
11:47
2023
Saginaw, MI-based distributor will continue to be managed by Jim Terry, Tom Hagarty and the Markey management team.
February 09
23:02
2023
Founded in 1965, Englewood, CO-based Fasteners, Inc. is an industrial distributor for the Huck Fastening System.
February 09
22:13
2023
Michelle Olson has more than 30 years of sales, sourcing and purchasing experience for such companies as Würth Industry North America and Interstate Threaded Products.
February 09
03:32
2023
“This acquisition aligns with our product line expansion strategy, providing additional premier authorized distributorships including Howmet, HPF, Lisi, and Monogram,” stated Wencor’s President of Defense, Scott Herndon.
February 09
02:46
2023
Full-year sales increased 34.5% primarily due to product price increases and the acquisition of ETANCO.
February 07
23:15
2023
The Packer Fastener family of companies, including Green Bay-based Packer Fastener and Packer Freight and Chicago area-based Albolt Manufacturing, announced promotions of four key executives.
February 06
18:33
2023
Operating income declined 28% to $22.6 million, while net income fell to $6.2 million.
February 06
15:39
2023
Fastenal Co. reported fastener sales growth in January nearly doubled December’s growth rate.
February 03
13:13
2023
“Our strong 2022 performance was driven by the team's focused execution against our long-term strategy in a robust demand market,” stated CEO D.G. Macpherson.
February 03
12:14
2023
An economic forecast, cyber threats, logistics and an industry round table are topics for the 2023 Southeastern Fastener Distributors Association spring conference.
February 02
23:44
2023
Organic growth was common in early returns, with margins slowly improving and inventories declining as the supply chain works through late-pandemic kinks.
February 02
18:53
2023
Double digit growth in the aerospace and automotive markets was partially offset by industrial market declines.
February 02
18:36
2023
ITW reported Automotive OEM revenue, including fasteners, increased 12.3% in the final quarter of 2022, which included organic growth of 19.6%, partially offset by currency translation.
February 02
03:42
2023
“We have progressed well despite the ongoing macroeconomic challenges,” said Arathi Krishna, managing director of the Chennai, India-based fastener manufacturer.
February 02
02:50
2023
This marks the fifth year of partnership between the Fastener Training Institute (FTI) and Würth Industry North America (WINA).
January 31
23:19
2023
The FIN Fastener Stock Index lost 11.5% in 2022, besting a 15.5% decline by an index of related industrial stocks.
January 31
22:09
2023
The price of wire rod – including low carbon, medium-to-high carbon, cold forged and low alloy – most relevant to fastener manufacturers will be reduced by NT$1,500 (US$48.7) per metric ton, Fastener World magazine reported.
