Global Fastener News

Tag "stocks"

FIN Stock: CARPENTER TECHNOLOGY

May 20
23:05 2019

Carpenter Technology Corp. reported revenue declined 4% to $585.4 million in the third quarter of fiscal 2020 on 9% lower volume, with operating income falling 22% to $39.9 million.

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FIN Stock: EACO (Bisco Industries)

May 20
22:50 2019

Bisco Industries reported revenues, including fasteners, increased 9.2% to $112.9 million in the first six months of fiscal 2020, which ended February 29. 

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FIN Stock: FASTENAL

May 20
22:45 2019

Fastenal Co. reported fastener sales declined 2.6% to $449.7 million (32.9% of overall sales) in the opening quarter of 2020.

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FIN Stock: GRAINGER

May 20
22:40 2019

In June 2020 Grainger agreed to sell Fabory and its subsidiaries to Dutch capital firm Torqx Capital Partners for an undisclosed sum.  Grainger acquired Netherlands-based Fabory in 2011 for $346 million. 

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FIN Stock: HOWMET AEROSPACE

May 20
22:36 2019

Howmet Aerospace Inc. officially split from Arconic to become an independent company trading on the New York Stock Exchange under the ticker “HWM.”

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FIN Stock: ITW

May 20
22:35 2019

ITW reported Automotive OEM revenue, including fasteners, fell 13.7% to $696 million in the first quarter of 2010.  Segment organic revenue dropped 13% in North America, 9% in Europe and 21% in China.

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FIN Stock: LAWSON PRODUCTS

May 20
22:25 2019

Lawson Products sales declined slightly to $91 million in the first quarter of 2020, reflecting a 3.1% decrease in the Lawson segment sales rep productivity driven by decreases within government and core customers late in the quarter.

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FIN Stock: MSC INDUSTRIAL

May 20
22:20 2019

MSC Industrial Supply Co. reported sales declined 1% to $823.6 million in the first quarter of fiscal 2020, which ended November 30.

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FIN Stock: NUCOR

May 20
22:15 2019

Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 12% to 126,000 tons in the first quarter of 2020.

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FIN Stock: PARK-OHIO

May 20
22:10 2019

Park-Ohio reported Supply Technologies segment sales, including fasteners, declined 15% to $141 million in the first quarter of 2020, hurt by decline in demand in the heavy-duty truck, aerospace and defense, automotive, and industrial equipment markets.

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FIN Stock: SIMPSON MFG

May 20
22:05 2019

Simpson Mfg. reported sales, including fasteners, rose 9.4% to $283.7 million in the first quarter of 2020, with operating profit up 64% to $49.4 million and gross margins improving.

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FIN Stock: STANLEY BLACK & DECKER

May 20
22:00 2019

During Q1, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion in cash. 

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FIN Stock: TRIMAS

May 20
21:55 2019

TriMas Corp. reported sales in its Aerospace segment increased 7.3% to $48.9 million in the first quarter of 2020 due to the February acquisition of RSA Engineered Products and solid demand for fastener products.

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FIN Stock: WESCO AIRCRAFT

May 20
21:50 2019

Platinum Equity took Wesco Aircraft private when it acquired the company in January 2020 for $1.9 billion. 

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FIN Stock: WÜRTH

May 20
21:45 2019

Würth Group reported E-business sales in the first quarter of 2020 improved by 9.5%.

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Bufab Sales & Orders Increase

October 10
09:49 2017

Swedish company will continue to focus on raising prices to customers - although to date increases had not been sufficient to offset cost increases.

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Chicago Rivet Fastener Sales Continue Declining

August 09
12:12 2017
    Chicago Rivet Fastener Sales Continue Declining

"Based on the current economic environment, we don’t believe overall business conditions during the second half of the year will be markedly different from those of the first half."

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Lawson Products Poised to Grow Fastener Revenue

June 13
21:21 2017
    Lawson Products Poised to Grow Fastener Revenue

“As a mechanical engineer, I used to take fasteners for granted,” DeCata told GlobalFastenerNews.com. “Now I don’t.”

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A Solid Year for Fasteners

June 05
10:53 2017
    A Solid Year for Fasteners

Most publicly-traded companies with fastener businesses achieved sales and profit growth in 2016, driven by strength in aerospace and automotive markets.

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Hagan: 2016 Most Active Year for Fastener Acquisitions

May 31
23:20 2017
    Hagan: 2016 Most Active Year for Fastener Acquisitions

Richard Hagan counted 49 fastener company acquisitions worldwide in 2016, making it the highest annual number in his 19 years of monitoring the industry’s transactions.

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