9/6/2016 12:18:00 AM
HEADLINES
At Half-Year Point, Fastener Markets Diverge
Automotive fasteners are doing well, while aerospace fasteners face a mixed bag and industrial fasteners lag.
Grainger Reports Lower Organic Sales
Excluding acquisitions, organic daily sales were down 1%, driven by a 1 percentage point decline in price and flat volume.
Fastener Sales & Margins Rise at Chicago Rivet
“Other than the increase in sales during the current year, favorable raw material prices was the most significant factor resulting in improved margins.”
Fastenal Fastener Sales Continue Decline
Fastenal Co. reported fastener sales fell in July, though the decline was more modest than the decline in fastener sales in July of the previous year.
Supply Channel Adjustments Hurt CarTech Fastener Sales
“All of our Aerospace sub-markets generated growth compared to 2015, except fasteners which continues to be impacted by inventory channel adjustments.”
Simpson Mfg. Fastener Sales Grow
Wood construction product net sales, including sales of connectors, truss plates, fastening systems, fasteners and shearwalls, represented 86% of total net sales in Q2.
Amid Sales Slump, TriMas Replaces CEO
TriMas reported second quarter sales declined, hurt by ongoing weakness in energy, industrial and aerospace markets.
Lawson Products Sales Decline
Decline partially offset by continued volume growth in the Kent Automotive Division and within the company’s non-federal government business.
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