11/21/2011 4:31:00 PM
HEADLINES
Fastener Sales and Profits Rise Amid Battered Shares
Precision Castparts: “The fastener business continues to lag this aerospace recovery; the bottom is definitely behind us, however, and the order books are gaining steady traction over the next three to four quarters.”
Monogram Aerospace: Trimas continues to invest in “this high-margin segment by developing and marketing highly- engineered products for aerospace applications.”
Chicago Rivet & Machine Co.: “Higher sales and cost control efforts have resulted in improved fastener segment margins for the quarter and year to date periods. However, raw material prices continue to exceed those of last year.”
Park Ohio said both logistics services and manufactured product segments achieved growth.
TRW reported “strong” market position and profitable growth initiatives, even as profit growth slowed.
LB Foster: “We expect to continue to experience a highly competitive market environment for the next nine months and we are concerned about the likelihood of a satisfactory resolution of transportation legislation.”
Tree Island Wire Fund: “A significant amount of work has gone into the Fund’s success in growing volumes and achieving profitable sales,” stated CEO Dale MacLean. “All of this has been accomplished in the face of high raw material costs and a market where there is latent capacity coupled with a highly competitive and aggressive pricing environment.”
Precision Castparts: “The fastener business continues to lag this aerospace recovery; the bottom is definitely behind us, however, and the order books are gaining steady traction over the next three to four quarters.”
Monogram Aerospace: Trimas continues to invest in “this high-margin segment by developing and marketing highly- engineered products for aerospace applications.”
Chicago Rivet & Machine Co.: “Higher sales and cost control efforts have resulted in improved fastener segment margins for the quarter and year to date periods. However, raw material prices continue to exceed those of last year.”
Park Ohio said both logistics services and manufactured product segments achieved growth.
TRW reported “strong” market position and profitable growth initiatives, even as profit growth slowed.
LB Foster: “We expect to continue to experience a highly competitive market environment for the next nine months and we are concerned about the likelihood of a satisfactory resolution of transportation legislation.”
Tree Island Wire Fund: “A significant amount of work has gone into the Fund’s success in growing volumes and achieving profitable sales,” stated CEO Dale MacLean. “All of this has been accomplished in the face of high raw material costs and a market where there is latent capacity coupled with a highly competitive and aggressive pricing environment.” ©2011 GlobalFastenerNews.com
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