“Key accomplishments included U.S. segment volume growth of 8%, a profitable fourth quarter for the Canadian business and double-digit revenue growth for our single channel businesses,” stated CEO DG Macpherson.
HEADLINES
February 04
00:16
2019
During 2018, ITW revenue rose 3.3% to $14.8 billion, with operating margin slipping to 24.3%.
February 04
00:09
2019
“We made substantial investments into innovations, market reach and our infrastructure, laying the foundation for long-term profitable growth," stated CEO Christoph Loos.
January 07
12:10
2019
After two consecutive years of double-digit growth, the FIN Fastener Stock Index contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade.
January 07
09:03
2019
In the first 10 months of 2018, China exports of standard fasteners increased 14.5% in volume and 31.7% in value, Fastener World reports.
January 07
08:13
2019
The last time the U.S. imposed a global tariff on imported steel was in 2002 under President George W. Bush. The 30% tariff ended the following year after the WTO ruled the Section 201 remedy violated global trade practices. According to one independent study, the 2002 Bush steel tariffs cost 200,000 jobs because of higher steel prices.
January 07
06:04
2019
Würth’s project in Haiyan will focus on warehousing, logistics and hardware.
January 07
04:05
2019
November Fastener Distributor Index decelerates on weaker sales trends.
January 07
03:14
2019
“We are very thankful our emergency procedures were effective, and there were no injuries,” stated president Leonard Kiely.
January 07
02:07
2019
Click on Obituaries.
January 07
01:17
2019
The first fastener machinery trade show was in Atlanta in 1981. IFME will be May 13-16, 2019, in conjunction with InterWire.
January 07
00:58
2019
Elsner has been Southwestern Fastener Association’s executive director for 17 years.
January 07
00:40
2019
Established in Waco, TX, Cen-Tex sells and distributes fasteners, nuts, bolts, washers, fittings, and other products for manufacturing.
January 07
00:15
2019
“This latest acquisition strengthens SouthernCarlson’s footprint in Florida, adding capabilities and local distribution presence in the Fort Myers, Orlando and Tampa markets,” stated SouthernCarlson.
January 07
00:05
2019
Don Kudiak was promoted to president of Aerosmith Fastening Systems. He joined the Indiana company in 2005 and has been general manager and director of product development. Founded in 1967,...
December 10
08:56
2018
Section 301 tariffs of 10% on $200 billion worth of Chinese goods, including a majority of fasteners manufactured in China, were scheduled to increase to 25% on January 1, 2019.
December 10
06:55
2018
“I suspect that we may be the very first company in the U.S. fastener industry to receive exclusions,” stated CEO Tim O’Keeffe.
December 10
04:23
2018
Vertullo at IFE: “It’s about not getting sued” by bounty hunters.
December 10
03:14
2018
VP cites cost of raw materials, freight, energy and labor in increasing prices.
December 10
02:36
2018
Founded in 1988, Charlotte, NC-based Victory Bolt is a full-service distributor of fasteners, specialty components, and VMI solutions.
