Only 30% of respondents reported sales above seasonal expectations, down from 50% in March, while 45% indicated sales dropped below expectations.
U.S. tariffs on Chinese goods will be reduced from 145 to 30%, while China will cut its blanket tariffs from 125 to 10%.
Promotion reflects the 30-year Endries veteran’s “strategic mindset, her ability to lead teams through change, and her commitment to delivering future-ready solutions.”
Sales in Germany dropped 3.9%, while sales in the Americas dipped 2.5%.
Fastener industry veteran will work directly with Star Stainless and Stelfast, as well as supporting all Lindstrom Solutions Group brands.
Fastenal Co. reported fastener sales grew 1.5% in April, continuing the company’s recent fastener revenue recovery.
Ford CEO Jim Farley: Domestic automotive fasteners and washers are “just not available. We can’t even buy those parts here.”
New machinery at Phoenix location enables in-house production of #4 and #5 clevis ends.
Executive “brings a wealth of knowledge and experience not only in fasteners but a diverse range of products and services in multiple industries.”
“Margin progression within the Fastening Systems and Engineered Structures segments was particularly noteworthy,” stated Howmet CEO John Plant.
CEO Donald Allan Jr. said the company is raising prices and adjusting its supply chain to leverage Mexico and reduce China tariff costs.
Founded in 1994, Bellows Falls, VT-based Applied Bolting’s proprietary bolting solutions provide visual confirmation of bolt tension in structural connections.
