FIN Company Performance Index Jumps

John Wolz

The FIN Company Performance Index jumped from 5.8 for 2003 to 7.5 at the end of 2004. It was one of the largest year-to-year increases in the 11 years the FIN Index has monitored fastener company performance.

The FIN Index has ranged from a low of 5.6 at the end of 2001 to a high of 7.9 for 1994.

While 16.1% of companies rated their year as the perfect “10” of “record growth,” no company reported being at “1,” or “bankruptcy.” All companies were at 3 or above, and only 13% were below 6.

Distributors averaged 7.5 last year, up from 5.9 for 2003.

At 7.4 manufacturers averaged lower than distributors, but 14% rated their year the highest, “10,” for record sales and profits. The lowest was a single manufacturer at 3. Only 14% pegged their year at below 6.

At 6.7 Canadians rated their companies lower than U.S. respondents.\ �2005 FastenerNews.com