Although Europe and the United States have withstood the financial crisis, they also launched anti-dumping measures against Chinese fasteners. However, in the first half of 2010, European and American fasteners clearly showed a rebound trend. According to comprehensive foreign reports, the sales of fastener companies in Europe and the United States have generally increased in the first half of 2010, and both have increased on the basis of the growth in the first quarter of the second quarter, and the signs of recovery have become more apparent.
Würth Group Sales of 4.2 Billion Euros in the First Half of the Year
According to the latest financial data released by the Würth Group, the Group’s total sales for the first half of 2010 were EUR 4.2 billion, an increase of 10.5% year-on-year and an operating profit of USD 196 million. “Our profits were almost comparable to the same period last year. Doubled,†said Robert Friedmann, the Central Council of the Würth Group.
Robert Friedmann pointed out: “In January-April, company sales increased by 6.3%, and the growth rate reached double digits in the first half of the year. Our sales target for this year is set at 8%. We expect operating profit for 2010 to be 350 million Euros. According to current performance, it is not difficult to achieve this goal."
Among them, Würth’s German headquarters had sales of 1.8 billion euros, an increase of 15.5%. Würth's other global companies increased by an average of 6.9%. The Würth Group has more than 400 branches in 84 countries.
“The current financial situation of the company is particularly good, which helps us to better manage the market. Strategically, we will focus on any policies that may make us closer to customers in the coming months; While we continue to invest in existing business areas, we will also invest heavily in the research and development of new products. The company is also preparing to stimulate organic growth through mergers and acquisitions, Friedmann noted.
As of the end of June, the group had 59,577 employees, an increase of 2.9% compared to the end of last year, of which 29,104 were sales teams.
Bossard's first half profits soar
The second quarter financial report of the Swiss fastener distributor Bossard Group showed that its sales in the second quarter continued to grow on the basis of the first quarter, and its profits increased significantly.
The group said that the strong momentum of demand recovery in the first half of 2010 was higher than expected, which drove the Bossard Group’s surge in sales. In the first half of 2010, Bossard Group's sales increased by 18.5% (in terms of Swiss francs) year-on-year, which translates to a 21.5% year-on-year increase to local exchange rates. In the first half of the year, the group's profits exceeded 15.3 million Swiss francs, which is higher than the total net profit for 2009.
Anixter fasteners grow 20%
Anixter Group's second-quarter financial report showed that sales of its global OEM supply business (including Anixter Fasteners) grew by 20%, an increase of 3% from the first quarter. Among them, organic sales in the second quarter of Europe increased by 7% compared with the first quarter.
The Group’s CFODennis Letham explained that “the growth in the second quarter has three main reasons: one is the increase in productivity of our customers; the second is the expansion of our projects from existing customers to more new customers; and third is the increase in new volume.â€
Sales of North American OEM supply businesses (including fasteners) in the second quarter increased by 7.2% to US$131 million, of which 16% came from industrial customers. However, the OEM supply business in North America fell by 8% in aerospace and defense. The reason is that the downward pressure caused by the reduction in sales in these two areas did not become apparent until the second quarter of 2009. It is expected that this situation will only occur in mid-2011. Get eased.
The group also pointed out that “Our company’s organic sales in the end-market of OEM supply business has finally achieved gratifying growth after a sharp decline in nearly two years. This is mainly due to the large amount of inventory that many of our customers have been 'dead' for a long time. 'Making up for inventory' has resulted in an increase in both product and investment costs for customers in the upstream and downstream markets. The growth in the demand of old customers and new customers has driven the rapid growth of our sales."
Anixter's total North American OEM supply business sales fell by 2% in the first half of the year to US$262 million. In the first half of the year, OEM supply business in the European region increased by 23% to US$184 million, of which the area grew by 38.6% in the second quarter to 9760. Ten thousand dollars, creating the highest sales area of ​​Anixter in the same period.
Fastenal's first-half profit growth of 35.7%
According to the second quarter financial report of Fastenal, the company's net sales for the first half of the year were 1.09 billion US dollars, a year-on-year increase of 13.2%, and the profit was 130 million US dollars, an increase of 35.7% year-on-year; of which the second quarter net sales were 570 million US dollars, an increase of 20.3%. %, profit of 69,200,000 US dollars, an increase of 58.9%.
According to reports, in the first half of 2010, Fastenal added 45 sales points, an increase of 7.1% year-on-year, and the total number of Fastenal sales points reached 2,414. As of the end of June, the company had 12,248 employees.
Automotive industry rebounds strongly and ITW fasteners sales increase significantly
ITW (IllinoisToolWorks) stated that thanks to the strong rebound in the automobile manufacturing industry, the company’s second-quarter auto aftermarket showed a particularly good performance, with revenue from transportation products (including fasteners) increased by 34% to US$672 million, operating profit. It increased by more than three times to $108 million. The North American market produced 3.1 million vehicles in the second quarter, an increase of 72%, while the European market produced 5 million vehicles, an increase of 25%. With the increase of mileage, global automotive aftermarket revenue rose by 4.2%.
The company’s second quarter revenue from construction products (including fasteners) increased by 24% to $459 million. Revenue from product sales for commercial construction in the North American market ranked first in all products, an increase of 30%; in addition, sales of residential construction products also increased by 14.2%.
According to David Speer, CEO of the Group, “Our results have increased significantly in the second quarter, mainly due to the recovery of end-market demand and expectations and the start of reconstruction projects in the past two years. It is clear that automotive OEMs, industrial packaging, welding, electronics and polymers are The demand for liquids and other end markets has seen a significant recovery."
The group’s total revenue for the second quarter was US$4.08 billion, an increase of 20% year-on-year, with North American market revenue increasing by 15.1% and other market sales increasing by 14%. Net profit more than doubled to US$421 million.
ITW sales in the first half of the year were US$7.68 billion, an increase of 17%, of which net profit increased significantly, from US$137 million in the same period last year to US$715 million.
Newcom fasteners perform well in the second quarter
It is reported that in the second quarter of 2010, Newco's sales of cold-strength steel (including income from Newco Fasteners) increased by 54% to 117,000 tons, an increase of 5.4% from the first quarter.
Due to the remarkable performance in the second quarter, the sales of cold-precision steel (including fasteners) increased by 48% to 228,000 tons in the first half of the year. In 2009, the company's sales of cold-tipped steel fell 32% to 333,000 tons.
Newcom's total revenue for the second quarter was $4.2 billion, an increase of 15% from the first quarter, of which sales in the second quarter increased by 69% compared to the same period last year.
Newco expects the company's growth rate to slow in the second half of the year. "The continuous rise in the first half of the year is an ironclad fact, but as the global economy enters an uncertain period, the sales growth of all our products may slow down," Newco said.
Newco's first-half revenue increased by 53% to $7.85 billion. The average selling price per ton rose by 8% over the same period of last year, and the total tonnage exported abroad also rose by 41%.
Stanley Black & Decker fastener sales growth momentum strong
According to reports, Stanley Black & Decker's engineering fastening business grew strongly in the second quarter, rising by 45%, mainly due to the rapid increase in the production of light vehicles.
In the first half of the year, sales of Stanley Black & Decker's industrial products increased by 72% to $759 million, and profits increased by 135% to $103 million. In the second quarter, sales of Stanley Black & Decker industrial products (including EmhartTeknologies) doubled to US$472 million, profits soared 239% to US$65 million, and total net sales increased by 157% to US$2.4 billion ( Including previous Black&Decker performance).
StanleyBlack & Decker CEO JohnLundgren said, “Despite the strong and rapid pace of economic recovery, the recovery of the developed countries is still not clear, but the strategy of 'new product R&D + M&A' adopted by us in recent years has greatly enhanced the company’s current sales and profit growth. This situation will continue for the next few years."
The company’s total second-quarter net sales increased by 157% to $2.4 billion (including Black&Decker's performance).
Alcoa fastener sales growth
In the second quarter of 2010, the recovery in demand for aerospace, construction and commercial vehicle markets drove the sales growth of Alcoa's engineering products and solution systems, including Alcoa fastening systems, with total sales of US$1.12 billion. , an increase of 4.4%. Aerospace’s revenue grew by 5%, driving the 32% increase in profit after taxes of Alcoa’s after-tax profit, which was US$107 million.
In the first half of the year, the sales of engineering products (including fasteners) was 2.19 billion U.S. dollars, a decrease of 10%, and the after-tax operating profit was 188 million U.S. dollars, an increase of 2.7%.
Alcoa’s total revenue in the second quarter was 5.2 billion U.S. dollars, an increase of 22%. Continued sales volume growth, improved productivity, loose monetary policy, and reduced energy costs offset the cost loss of an average US$22 per ton of metal selling price, and now the average price per ton of metal is US$2,309.
In February, Alcoa announced that it has adjusted the business of its engineering products and solutions. This part of the business mainly serves customers from the aerospace, automotive, commercial transportation, building construction and construction, and crude oil and gasoline industries. In 2009, this part of the business income was 2.7 billion US dollars.
B/EAerospace fasteners profit growth of 6.7%
As a result of the significant increase in revenue, Aerospace Fasteners Distributor B/EAerospace posted a 6.7% increase in its sales of fasteners and other parts despite a slight decline of 1.8% in the second quarter, which represented a gain of 6.7% to $38.2 million. The company’s second-quarter parts product revenue was 193 million US dollars, an increase of 1.8% year-on-year, an increase of 3.8% from the previous quarter.
The company’s total revenue for the second quarter was US$489 million, a year-on-year increase of 1.9%; operating profit was US$78.8 million, a year-on-year increase of 6.6%.
Although the revenue of component products in the first half of the year was 379 million U.S. dollars, it was down 13% year-on-year, and the volume of orders increased by more than 10% year-on-year. In addition, despite a 9.9% year-on-year decrease in operating profit for parts and components, gross profit increased by 10.6% year-on-year with a 4.7% increase in revenue.
In the first half of the year, B/EAerospace’s total revenue was US$947 million, a year-on-year decrease of 5.1%; operating profit was US$151 million, a decrease of 2.5% year-on-year.
B/EAerospaceCEOAminKhoury stated, “We expect that the next order and inventories will continue to increase. The supporting products and parts of commercial aircraft will continue to pick up, and the delivery of large aircrafts will be greatly improved in 2011. Total revenue and profit for the whole year of 2010 And the cash flow will increase substantially."
According to reports, sales of B/EAerospace in 2009 were US$1.94 billion, a decrease of 21%, and a profit of US$296 million, a decrease of 25%.