FIN Review of Fastener Stocks for 2009
FEATURE
Sales results and stock performance for public fastener companies are available in the .
The 2009 FIN Review of Fastener Stocks is now available to subscribers. The report features the latest stock performance, revenue and profit results for some of the most prominent public fastener companies, along with personnel changes and employment figures for 2009.
Top Ten Fastener Deals of 2009
“We do not foresee a return to prior levels of deal-making until the arrival of a general consensus that the ongoing recession has “bottomed out” and the global economy is back on-track for steady / stable growth,” noted Richard Hagan of Pinnacle Capital Corp.
PERSPECTIVE: FINdex Comes Roaring Back
After gaining 10% in the final quarter of 2009, the FIN Fastener Stock Index soared 66% in the opening quarter of 2010, outperforming a composite index of related industrial stocks.
Following disappointing sales for 2009, Alcoa re-aligned its Engineered Products and Solutions (EPS) business, including Alcoa Fastening Systems.
Anixter International reported sales at its North American OEM Supply segment, including fasteners, outperformed the company’s other business units in 2009.
B/E Aerospace Inc. completed its transformation as one of the largest distributors of aerospace fasteners in the world.
Investors have flocked to Fastenal in recent months, encouraged by the company’s growth.
ITW continues to post strong results, with revenue during the opening quarter of 2010 rising 14.6% to $3.06 billion.
Nucor reported cold finished steel sales, including revenue from Nucor Fastener, jumped during the opening quarter of 2010.
Stock Report: PRECISION CASTPARTS
With aerospace destocking at an end, aerospace OEM orders are seeing a gradual recovery.
To see results from other public fastener companies, Subscribe to GlobalFastenerNews.com or email FIN@GlobalFastenerNews.com to purchase a printed copy for $95.
Related Stories:
• Fastener Acquisitions Increase As Economy Gains Traction
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