FIN Fastener Stock Review Shows Companies Improving
FEATURE
FIN combs thousands of pages from annual stock reports for publicly held fastener companies and summarizes the fastener segments in a few paragraphs for the industry.
FIN subscribers can read the latest summaries covering 2012 in the FIN Review of Fastener Stocks below or the past five years by clicking on FIN Stock Review online.
Read the excerpts from the FIN Review of Fastener Stocks below for the answer to which company turned 100 in 2012.
ALCOA: During 2012 Engineered Product sales gained 3.4%, with third-party shipments up slightly to 222 kmt.
ANIXTER INTERNATIONAL: OEM Supply revenue hurt by a decline in heavy truck production levels in North America and continuing weaker EU manufacturing production levels.
BARNES GROUP: Barnes Group exited the fastener industry in 2013 when MSC Industrial Direct Co. acquired Barnes’ North American distribution business.
B/E AEROSPACE: Consumables management revenue and margins reach double-digit growth.
CARPENTER TECHNOLOGIES: Aircraft build rate increases drove demand growth for engine related materials and titanium fasteners.
CHICAGO RIVET: Revenue increased to the highest level in five years, while net income increased to the highest level in a decade.
DORMAN PRODUCTS: Reported its fourth consecutive year of double digit growth.
FASTENAL: Opened 80 new stores during the year, increasing its store count by 3.1% while managing to reduce its overall workforce.
GRAINGER: Invested $70 million to expand its product line and sales force, enhance eCommerce capabilities and increase inventory management services.
ITW: ITW, which manufactures fasteners and industrial components and specialty products, marked its 100th anniversary in 2012.
LAWSON PRODUCTS: Fastening systems revenue contributed 22% of overall sales in 2012.
MSC INDUSTRIAL DIRECT: Acquired the North American distribution business (BDNA) of the Barnes Group in the first half of 2013.
NUCOR: In May 2012 Nucor Fastener unveiled a $23.2 million plan to expand its St. Joe, IN, plant, adding new equipment and creating as many as 30 jobs.
PARK-OHIO: Park Ohio’s Supply Technologies provides logistics services from logistics service centers in North America, Europe and Asia.
H. PAULIN / HILLMAN: Hillman Companies Inc. acquired H. Paulin & Co. Ltd. in 2013.
PRECISION CASTPARTS: Fastener Products segment is expected to benefit when Boeing 787 production schedules accelerate and core aerospace product sales recover.
SIMPSON MFG: Overall 2012 net sales grew, boosted by recent acquisitions and increased volumes.
TRIMAS: TriMas’ Monogram Aerospace Fasteners is expanding to include more aerospace fastening products and increase its applications and content on planes.
FIN subscribers can access five years of company summaries by clicking on FIN Stock Review.
Non-subscribers can click on Article Store to purchase the five years of summaries.
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