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FIN Survey: 2013 Brought Consistent Fastener Returns
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2014-04-07

For the third year in a row a solid majority of fastener companies participating in the End of 2013 FIN Survey reported strong results, with widespread sales and profit gains and stable costs, GlobalFastenerNews.com reports.

The annual FIN Company Performance Index edged up to 6.7 from 6.6 the previous year. Just over seven in 10 businesses reported "moderate" to "strong" sales growth in 2013, down from the 78% that achieved revenue growth in 2012. About 43% reported "moderate" growth in sales, while 28% saw a "strong increase" in sales. Just over 15% of survey participants said 2013 sales levels were unchanged from the year before, while 13% reported sales declines — up from the 15% of companies reporting dwindling revenues in 2012.

About 66% of fastener manufacturers, importers, distributors and platers reported increased profits, with 40% claiming "moderate" bottom-line gains and 26% reporting a "strong" profit increase. Just over 20% said profits were unchanged from the year before, and 10% reported declining profit.

The End of 2013 FIN Survey found costs edged up modestly, with 48% of participants reporting flat or declining costs, while an additional 44% claimed "moderate" cost increases and 3% claimed "strong" cost jumps.

Much of the same is expected this year, with a solid majority of FIN Survey participants forecasting higher sales and profits amid moderate cost increases for 2014, according to GlobalFastenerNews.com.

About 77% of businesses predict sales gains, while 57% expect profit growth and 89% anticipate flat or "moderate" cost increases.

Both the FIN Sales Index and FIN Profit Index were flat in 2013 after declines in 2012.

 
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compiled by Fastener World Inc.
 
 
2014-04-07

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