The FIN Fastener Stock Index declined 3.5% in the third quarter of 2022, besting a 5.8% drop by an index of related industrial stocks during a quarter when the market plunged on recession fears.
HEADLINES
October 25
23:31
2022
Tuffy started in fasteners at age 16 in the warehouse packing nuts and bolts; Harms’ experience is with supply chains.
October 25
22:42
2022
The first keynote speaker at an International Fastener Expo cited eliminating second shift as an example of the people-focused future of distributors.
October 25
20:43
2022
Just 9% of respondents anticipate activity levels will be higher six months from now. Conversely, 43% expect lower activity levels after two years of double-digit gains.
September 27
22:34
2022
The externally threaded fasteners segment has the highest share, with a revenue of $42.9 billion in 2021 and expected to reach $63.7 billion by 2030 at a CAGR of 5%.
September 27
21:47
2022
Ask questions and then “ask a few extra questions of your customer,” Rich Pease of RK Precision Products advised a Mid-West Fastener Association conference session.
September 27
20:54
2022
Ask people consistently “What do you like about working here?” and “What don’t you like?” Eric Chester told the Pacific-West Fastener Association. “Give them a chance to talk.”
September 27
18:56
2022
The seasonally adjusted Forward Looking Index “suggests the recovery may be short lived, with the index coming in at just 47.4 as employment softened, customer inventories crept up and the six-month outlook was less positive.
August 29
23:17
2022
As geopolitical tensions rise between the U.S. and China over the fate of Taiwan, GlobalFastenerNews.com examines a list of top fastener companies on the island.
August 29
22:08
2022
“No one wants to get their hands dirty. No one wants to work in a warehouse 80 hours a week.”
August 29
21:26
2022
Fasteners played a prominent role in the development of the composite Dreamliner as supply disruptions and improper installation plagued its test aircraft fleet.
August 29
20:14
2022
Exhibits up from 2021 for the October 17-19, 2022, trade show at Mandalay Bay in Las Vegas, but not yet back to pre-Covid levels.
July 26
23:11
2022
The FIN Fastener Stock Index declined 13.4% in the second quarter of 2022, besting a 14.1% drop by an index of related industrial stocks during a quarter of market volatility and ongoing supply disruptions.
July 26
22:29
2022
Shipping has improved but Star Stainless Screw president Tim Roberto said “ports can’t handle” the shipping as is and “any little bump down the road” creates larger problems.
July 26
21:39
2022
“Demand remains strong for now but softening ahead seems to be the consensus,” according to R.W. Baird analyst David Manthey.
July 26
20:12
2022
“We at ITR Economics don’t see a recession coming,” economist Lauren Saidel-Baker told the National Fastener Distributors Association. There may be a “soft landing” from today’s strong economy, but not a recession.
June 21
23:13
2022
Facing the highest price hikes in 40 years, President Joe Biden is deciding whether to roll back some of the tariffs imposed on Chinese goods, including fasteners, in 2018, according to senior administration officials.
June 21
22:55
2022
The Vogelsang name entered the North American fastener industry in 1972 distributing Rollpins made in Europe by Joerg Vogelsang.
June 21
22:01
2022
Three Derrys have been president of the National Fastener Distributors Association since Jim Derry and Bill Derry acquired Field Fastener in 1990 from Dick Field.
June 21
21:57
2022
Founded in 1984, Store Room provides VMI, sub-assemblies and kitting and has been ISO 9001 accredited for 14 years.
