FIN Stock Tracker Hits the Mark
FEATURE
GlobalFastenerNews.com continues to add new features for our growing readership — subscribers and non-subscribers alike.
The FIN Fastener Stock Tracker (click on FIN Stock Review on left or Fastener Stock Review tile on right below Fastener Quiz) is a new service for the thousands of people in the fastener industry who turn to GlobalFastenerNews.com for news and features that no one else provides.
Public fastener companies FIN tracks include:
Alcoa, whose Engineering Products division, including Alcoa Fastening Systems, was realigned after disappointing sales last year.
Anixter International, which reported North American OEM Supply sales, including fasteners, outperformed the company’s other business units in 2009.
Barnes Group, which had lower fastener sales in 2009 due to weak transportation and industrial markets.
B/E Aerospace, whose fastener business, Consumables Management, saw sales reach $798.1 million during 2009.
Carpenter Technologies, which struggled with lower industrial and aerospace fastener demand last year.
Chicago Rivet, which achieved “significant improvement” in sales and profit this year after weathering a tough business climate.
Dorman Products, whose growing revenue was “driven by strong overall demand for our products and higher new product sales.”
Fastenal has geared up to supply U.S. combat troops as it expands its end markets.
Grainger, which plans to open a 1 million sq ft distribution center in Minooka, IL, by 2012.
ITW, whose fastener sales have bounced back as auto builds ramped up.
Lawson Products, where fasteners accounted for 19% of company revenue in 2009.
MSC Industrial, which turned in a “solid performance against a backdrop of improving market conditions” last year.
Nucor, whose fastener division has seen sales rise while battling fastener imports from Asia.
Park Ohio, which recently acquired fastener supplier Assembly Component Systems from Lawson Products.
H. Paulin, whose profit rose despite declining sales in 2009.
Precision Castparts, whose fastener division — including SPS Technologies — is diversifying to offset reduced OEM inventories.
Simpson Manufacturing, which recently sold its non-fastener subsidiary, Dura-Vent, for $27.7 million.
Stanley Black & Decker, which owns Shelton, CT-based Emhart Teknologies, a global manufacturer of fasteners and assembly systems.
FIN also researches and produces an annual stock report, with fastener-specific information on the most prominent companies in the industry. ©2010 GlobalFastenerNews.com
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