Global Fastener News

FIN Company Performance Index Jumps for 2004

John Wolz

The 26th annual FastenerNews.com survey showed 2004 was a banner year for the fastener industry. The FIN Company Performance Index jumped from 5.8 for 2003 to 7.5 at the end of 2004. It was one of the largest year-to-year increases in the 11 years the FIN Index has monitored fastener company performance.
The FIN Index has ranged from a low of 5.6 at the end of 2001 to a high of 7.9 for 1994.
While 16.1% of companies rated their year as the perfect “10” of “record growth,” no company reported being at “1,” or “bankruptcy.” All companies were at 3 or above, and only 13% were below 6.
Distributors averaged 7.5 last year, up from 5.9 for 2003.
At 7.4 manufacturers averaged lower than distributors, but 14% rated their year the highest, “10,” for record sales and profits. The lowest was a single manufacturer at 3. Only 14% pegged their year at below 6. �2005 FastenerNews.com