The Switzerland-based company described the business environment in the U.S. as “difficult,” with sales declining 10.9% to CHF 53.8 million (-11.8 percent in local currency).
FIN STOCK REVIEW
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.
May 20
23:00
2019
Chicago Rivet & Machine Co. reported sales dropped 12.1% to $7.6 million in the first quarter of 2020 “due to reduced demand for fastener segment parts, especially from automotive customers as the impact of the coronavirus pandemic (“COVID-19”) took hold.”
May 20
22:55
2019
Dorman Products reported sales, including fasteners, increased 6% to $257.7 million in the first quarter of 2020.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
May 20
21:50
2019
Platinum Equity took Wesco Aircraft private when it acquired the company in January 2020 for $1.9 billion.
May 20
21:45
2019
Würth Group reported E-business sales in the first quarter of 2020 improved by 9.5%.
