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Spec Products Secures Major Screw Order from European Automaker, Revenue Poised for 10% Growth
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2026-05-12
Fastener maker Spec Products has scored a major win. By indirectly entering the supply chain of a European automaker through a client, the company has clinched a large fastener order that will significantly boost this year's performance. Analysts forecast the company's 2026 revenue to rise 5% to 10% year-over-year, with EPS rebounding to NTD 4-5, signaling strong recovery momentum. About 75% to 80% of the products are customized auto parts. Last year, despite currency fluctuations, the impact was relatively mild compared to peers' 8%-12% declines. Revenue reached NTD 2.443 billion, up 1.44%; gross margin was 17.48%, down 2.64 points; net profit after tax NTD 169 million, down 32.03%; EPS at NTD 3.75. Looking ahead, order visibility stands at 4 months. European market, after last year's slump, has cleared inventories to healthy levels with demand warming up gradually; Asia's recovery lags slightly. Embracing the industry's "The Big Gets Bigger" trend, the company is pursuing M&A opportunities via horizontal integration to scale up. If successful, "we could see something good this year!" Spec Products aims to sharpen its edge for global challenges.
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