Global Fastener News

Audi AG is partnering with Stanley Engineered Fastening to develop cars that cut weight and reduce emissions.

“How do you build an automobile that’s both lightweight and reduces harmful emissions? If you’re Audi, you look to @stanley_ef (Stanley Engineered Fastening) for an innovative solution to join high strength steel with aluminum.”

“Together with Audi we share the same vision of creating a more sustainable future.”

How do you build an automobile that’s both lightweight and reduces harmful emissions? If you’re Audi, you look to @stanley_ef for an innovative solution to join high strength steel with aluminum. Together with Audi we share the same vision of creating a more sustainable future. pic.twitter.com/NpkjoCExit

— Stanley Black & Decker (@StanleyBlkDeckr) September 4, 2019

Stanley Black & Decker reported Engineered Fastening organic revenues during the second quarter of 2019 fell 4% “as automotive and industrial market declines were partially offset by continued fastener penetration gains.”

Sales at the company’s Industrial segment, including fasteners, increased 13% to $650 million, despite a 3% decline in volume. Segment profit rose to $95.1 million and the profit rate reached 14.6%, hurt by lower Engineered Fastening automotive volume and commodity inflation.

Six-month Industrial segment sales dropped 2% to $971.7 million, while segment profit edged up to $166.1 million.

Consolidated Stanley Black & Decker revenue during Q2 increased 3% to $3.8 billion, with gains in volume and acquisitions. Q1 net earnings rose to $356.3 million, while operating margin increased to 13.8%. Web: StanleyBlackandDecker.com