1/27/2012 12:07:00 AM
FIN SURVEY
Increased sales and profits were on the menu of fastener companies in 2011 — and strong helpings of both were served, the End of 2011 FIN Survey found.
Nearly eight in ten businesses — 78% — reported “moderate” to “strong” sales growth during the year, representing the second straight year of sales growth by at least three out of four fastener companies. An even 50% of fastener firms said sales grew at a “moderate” pace, while 28% saw “strong” sales growth.
An additional 12% of companies participating in the survey said sales stagnated in 2011, while 5% reported a moderate decrease in annual revenues.
Profits were up as well, with 73% of manufacturers, distributors, importers and platers surveyed by FIN recording profit gains. Just over 49% of companies saw “moderate” profit increases, while 24% achieved “strong” profit growth. About two in ten fastener businesses said profit was unchanged from the previous year, with an additional 2% showing “moderate” bottom-line declines.
And fastener companies are overwhelmingly optimistic about their prospects in 2012.
The FIN Survey found nearly eight out of ten businesses — 79% — forecast further sales growth in the coming months. Just under 60% expect “moderate” sales increases, while 21% anticipate “strong” revenue growth. Only 1% of companies surveyed by FIN estimated a sales decline.
Profits are expected to improve as well, with 82% of survey participants predicting profit gains in 2012, including 61% who foresee a “moderate” profit rise and 21% who anticipate a “strong” increase in profit.
In 2011 the FIN Sales Index jumped to 4.3 from 3.8 the previous year.
At 4.2 the FIN Profit Index continued its rebound from 2009’s record low of 2.14.
For the coming months the sales index forecasts growth to 4.5 and the profit index indicates an increase to 4.2.
Increased sales and profits were on the menu of fastener companies in 2011 — and strong helpings of both were served, the End of 2011 FIN Survey found.
Nearly eight in ten businesses — 78% — reported “moderate” to “strong” sales growth during the year, representing the second straight year of sales growth by at least three out of four fastener companies. An even 50% of fastener firms said sales grew at a “moderate” pace, while 28% saw “strong” sales growth.
An additional 12% of companies participating in the survey said sales stagnated in 2011, while 5% reported a moderate decrease in annual revenues.
Profits were up as well, with 73% of manufacturers, distributors, importers and platers surveyed by FIN recording profit gains. Just over 49% of companies saw “moderate” profit increases, while 24% achieved “strong” profit growth.
About two in ten fastener businesses said profit was unchanged from the previous year, with an additional 2% showing “moderate” bottom-line declines.
And fastener companies are overwhelmingly optimistic about their prospects in 2012.
The FIN Survey found nearly eight out of ten businesses — 79% — forecast further sales growth in the coming months. Just under 60% expect “moderate” sales increases, while 21% anticipate “strong” revenue growth. Only 1% of companies surveyed by FIN estimated a sales decline.
Profits are expected to improve as well, with 82% of survey participants predicting profit gains in 2012, including 61% who foresee a “moderate” profit rise and 21% who anticipate a “strong” increase in profit.
In 2011 the FIN Sales Index jumped to 4.3 from 3.8 the previous year.
At 4.2 the FIN Profit Index continued its rebound from 2009’s record low of 2.14.
For the coming months the sales index forecasts growth to 4.5 and the profit index indicates an increase to 4.2. ©2012 GlobalFastenerNews.com
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