The FIN Fastener Stock Index gained 33.7% in 2019, besting a 24.4% increase by an index of related industrial stocks.

EACO (Bisco Industries) achieved the highest percentage gain, improving 84% during the year.

Full-year revenues grew 14.5% to $221.2 million, largely due to a higher volume of product sales. Gross margin rose 11.3% to $61.2 million.

Arconic achieved an 82.5% increase in 2019. During Q3, Arconic realigned its operations into two segments: the Engineered Products and Forgings (EP&F) segment and Global Rolled Products (GRP) segment. The EP&F businesses will remain in the existing company, which will be renamed Howmet Aerospace Inc. at separation, and the GRP businesses will comprise Spin Co. and will be named Arconic Corporation at separation.

Other companies achieving a stock increase of 20% or more during the year included Carpenter Tech (40%), Grainger (20%), ITW (41.8%), Lawson Products

(64.9%), Simpson Mfg. (48.2%), Stanley Black & Decker (38.4%), and Wesco Aircraft (39.5%).

FINdex companies losing 10% or more in value during 2019 included Chicago Rivet (down 18%), Dorman Products (down 15.9%), Fastenal (down 29.3%), and Tree Island Steel (down 21.6%).

After slowing to 5.4% rate of increase in the third quarter, the FINdex increased 11.7% in the fourth quarter of 2019, outperforming a 0.98% gain by an index of related industrial stocks during the quarter.

Lawson Proudcts achieved the highest percentage gain in Q4, increasing 34.5% during the period.

Founded in 1952, Lawson Products distributes MRO products and services. Lawson has distribution centers in all 50 states, Puerto Rico, Canada, Mexico and the Caribbean and is headquartered in Chicago. Lawson’s Bolt Supply House serves customers in Western Canada and the Kent Automotive brand supplies the collision and mechanical repair products to the automotive aftermarket.

Other FINdex companies achieving gains of 10% or more during Q4 included Arconic (18.3%), EACO (20.6%), Fastenal (13.1%), Grainger (13.9%), ITW (14.8%), Nucor (10.5%), Park Ohio (12.7%), Simpson Mfg. (15.6%), Stanley Black & Decker (14.8%), and Tree Island Steel (11.3%).

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