Carpenter Technology Corp. reported revenue declined 4% to $585.4 million in the third quarter of fiscal 2020 on 9% lower volume, with operating income falling 22% to $39.9 million.
Tag "stocks"
May 20
22:50
2019
Bisco Industries reported revenues, including fasteners, increased 9.2% to $112.9 million in the first six months of fiscal 2020, which ended February 29.
May 20
22:45
2019
Fastenal Co. reported fastener sales declined 2.6% to $449.7 million (32.9% of overall sales) in the opening quarter of 2020.
May 20
22:40
2019
In June 2020 Grainger agreed to sell Fabory and its subsidiaries to Dutch capital firm Torqx Capital Partners for an undisclosed sum. Grainger acquired Netherlands-based Fabory in 2011 for $346 million.
May 20
22:36
2019
Howmet Aerospace Inc. officially split from Arconic to become an independent company trading on the New York Stock Exchange under the ticker “HWM.”
May 20
22:35
2019
ITW reported Automotive OEM revenue, including fasteners, fell 13.7% to $696 million in the first quarter of 2010. Segment organic revenue dropped 13% in North America, 9% in Europe and 21% in China.
May 20
22:25
2019
Lawson Products sales declined slightly to $91 million in the first quarter of 2020, reflecting a 3.1% decrease in the Lawson segment sales rep productivity driven by decreases within government and core customers late in the quarter.
May 20
22:20
2019
MSC Industrial Supply Co. reported sales declined 1% to $823.6 million in the first quarter of fiscal 2020, which ended November 30.
May 20
22:15
2019
Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 12% to 126,000 tons in the first quarter of 2020.
May 20
22:10
2019
Park-Ohio reported Supply Technologies segment sales, including fasteners, declined 15% to $141 million in the first quarter of 2020, hurt by decline in demand in the heavy-duty truck, aerospace and defense, automotive, and industrial equipment markets.
May 20
22:05
2019
Simpson Mfg. reported sales, including fasteners, rose 9.4% to $283.7 million in the first quarter of 2020, with operating profit up 64% to $49.4 million and gross margins improving.
May 20
22:00
2019
During Q1, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing LLC (CAM) for as much as $1.5 billion in cash.
May 20
21:55
2019
TriMas Corp. reported sales in its Aerospace segment increased 7.3% to $48.9 million in the first quarter of 2020 due to the February acquisition of RSA Engineered Products and solid demand for fastener products.
May 20
21:50
2019
Platinum Equity took Wesco Aircraft private when it acquired the company in January 2020 for $1.9 billion.
May 20
21:45
2019
Würth Group reported E-business sales in the first quarter of 2020 improved by 9.5%.
October 10
09:49
2017
Swedish company will continue to focus on raising prices to customers - although to date increases had not been sufficient to offset cost increases.
August 09
12:12
2017
"Based on the current economic environment, we don’t believe overall business conditions during the second half of the year will be markedly different from those of the first half."
June 13
21:21
2017
“As a mechanical engineer, I used to take fasteners for granted,” DeCata told GlobalFastenerNews.com. “Now I don’t.”
June 05
10:53
2017
Most publicly-traded companies with fastener businesses achieved sales and profit growth in 2016, driven by strength in aerospace and automotive markets.
May 31
23:20
2017
Richard Hagan counted 49 fastener company acquisitions worldwide in 2016, making it the highest annual number in his 19 years of monitoring the industry’s transactions.
