Global Fastener News

FEATURE

Here is a sampling of quotes from the FIN Review of Fastener Stocks for 2013:

Anixter: “For the fifth consecutive quarter we achieved significant performance improvements in our Fasteners segment, reflecting increases in our customers’ production levels coupled with the results of actions we took to reposition the business for profitable growth.”

Nucor: “The largest factor contributing to this decrease was severe weather conditions, which disrupted customer demand, decreased the amount of railcar availability, contributed to increased energy costs at our steel mills and exacerbated conditions in the seasonally weaker performance of our fabricated construction products businesses.”

Stanley Black & Decker: “This business has now posted four consecutive record

years in sales, operating margins, and working capital turns — a model of consistency.” 

Fastenal: “I would have started hiring sooner. We started accelerating our hiring in June. If I would have done that in January, I think the second half of the year would have looked different.”

Grainger: “We made significant investments aimed directly at increasing our scale and accelerating share gains in the large and highly fragmented MRO market.” 

Precision Castparts: “Fastener 787 shipments are now at an average of eight shipsets per month, with additional upside opportunity expected as they close the gap with aircraft production schedules.”

FIN Subscribers can CLICK HERE for the annual review of each of the 19 fastener companies covered in the FIN Stock Review – including a summary of the past six years’ fastener performance.

Non-subscribers can Click on Article Store to purchase the individual company fastener results.