Average daily sales increased 21.3% to $1.41 million, boosted by $9.8 million from the inclusion of the Bolt Supply acquisition and a 9.1% improvement in Lawson's sales per rep per day productivity.
NEWS BRIEFS
July 24
16:51
2018
Overall ITW revenue improved 7% to $3.8 billion in Q2, which included organic growth of 4% driven by 5% growth in North America.
July 24
00:54
2018
After supplying parts for World War II bombers and battleships, Vlier created what would become its flagship product: the Vlier Pin to fixture small parts in tight, compact spaces.
July 23
14:07
2018
“Significant automotive & industrial fastener penetration gains were partially offset by the anticipated impact from lower automotive system shipments.”
July 19
23:22
2018
"The second quarter exceeded our expectations, with strong growth from U.S. large and medium customers, gross profit that was better than anticipated and meaningful operating expense leverage,” said CEO DG Macpherson.
July 19
23:00
2018
Accreditation requires quality systems focusing on continuous improvement to prevent defects, and eliminate high variation and waste throughout the supply chain.
July 18
23:50
2018
“We still expect that we will be able to report sales and operating result records again in 2018,” stated Robert Friedmann, Chairman of the Central Managing Board of the Würth Group.
July 18
22:51
2018
The majority of 2018 exhibitors were India-based companies. Exhibitors also came from China, Taiwan, Germany, South Korea, Japan and Turkey.
July 16
12:03
2018
“We now have a warehouse located in the Southwest, allowing us to reduce freight costs to the West Coast for G.L. Huyett products, as well as plans to dispatch lifting hardware to our Tennessee Warehouse to reduce freight costs for customers on the East Coast,” stated CEO Tim O’Keeffe.
July 16
10:06
2018
Founded in 1997, IDQ has seven employees and reported sales of SEK 17 million (US$1.92 million) in 2017.
July 12
20:30
2018
Strong growth delivered by “high growth in sales” in Europe and Asia.
July 12
20:28
2018
Previously he worked with Shur-Lok, Alcoa and Arconic, TriMas/Monogram Aerospace, GS Aerospace, and Lisi Aerospace.
July 12
02:08
2018
Consolidated sales increased 13.1% to $1.28 billion, driven by higher unit sales and contributions from industrial vending and onsite locations.
July 12
01:37
2018
Today’s Florida-based manufacturer founded as Bay State Cable Ties in Massachusetts in 1998.
July 06
00:07
2018
In the 2018 general session it was reported that during 2017 the European economy grew at its fastest rate in 10 years, with all member states reporting recovery.
July 03
13:47
2018
Company entering the fastener industry to provide pollution abatement.
July 02
15:37
2018
Phillips Screw CEO Hurley: “The lifeblood of any growth company is new products and service, What keeps me up at night, is how we continue to keep the pipeline of innovation full.”
July 01
15:27
2018
More denials than approvals amid reports that “large steel companies like US Steel (X) and Nucor (NUE) have tried to block many requests at the last minute, giving businesses that want exemptions little or no time to respond.”
June 28
14:04
2018
Lawsuit comes amid news that Missouri-based Mid Continent Nail Corp. laid off 60 workers after losing 50% of its business in the first two weeks of June.
June 27
12:58
2018
This is a time to “borrow and invest in inflation-beating investments such as new product lines or opening in a new geographic territory, Beaulieu suggested. “Lock in your lease.”
