Financials round-up: BUFAB, Toolstation owner Travis Perkins & Bulten’s Q1 bonanza
Travis Perkins: Growth for Toolstation and Wickes owner Travis Perkins Q1 2017 saw total sales growth of 4.% and like-for-like sales growth of 2.7% The combination of our Merchanting divisions (General Merchanting, Plumbing & Heating and Contracts) delivered total sales growth of 5.1% and like-for-like sales growth of 2.6%. Underlying performance of both Wickes and […]
Francis Kirk Group targets £5 million turnover from Philidas brand
Denton-based Francis Kirk Group is celebrating the third anniversary of its purchase of the Philidas self-locking nut brand with a growing order book and worldwide opportunities which are driving significant increases in turnover at the firm. Bought at the end of 2013, Francis Kirk Group invested in the Philidas brand and manufacturing operation to maintain […]
US fastener giant Fastenal acquires Mansco
Fastenal, one of the largest fastener distributors in North America, is to acquire certain assets of industrial and fastener supply distributor Mansco (Manufacturer’s Supply Company). Headquartered in Hudsonville, Michigan and with facilities in Madison, Alabama and McAllen, Texas, Mansco generated approximately $50 million revenue in 2016. The company is profitable and has been run by President and […]
Exceptional £235 million charge hits Travis Perkins profits
Travis Perkins Group saw revenues rise 4.6% in 2016, with adjusted operating profit reaching £392m, up £3m on 2015. However, an exceptional charge of £235m in the plumbing & heating and tile businesses impacted on Group profits. Profit before tax fell to £73m in 2016, £151m lower than 2015 (2015: £224m). Other exceptional charges in the […]
Mild autumn boosts bottom line for builders merchants
The final quarter of 2016 saw sales growth in the UK builders merchants sector. Generalist merchants generated annual revenues in excess of £5.44 billion, representing sales value growth of 5.2%, according to the BMF’s Builders Merchants Building Index Q4 report, produced with GfK. Q4 2016 total merchant sales were up 5.5% on Q4 2015, with […]
Bond It’s multi-million investment will grow range and boost output
Bond It will invest an extra £300,000 into its main manufacturing facility in Elland, West Yorkshire in Q1 2017, following up a long term programme of investment in the manufacturer of sealants, adhesives and building chemicals. Over £1/2 million was invested in 2014/2015 and then £1.1 million in 2016. The latest investment – which includes grant funding […]
USA’s Home Depot sales hit $95 billion record
The world’s largest hardware retailer has seen sales grow 6.9% to $94.6 billion in fiscal year 2016. Store sales for The Home Depot were up 5.6% while comp sales for US stores were at 6.2% for the year. Numbers up for Q4 Q4 2016 sales reached $22.2 billion, up 5.8% compared to Q4 2015. Store sales […]
Slight growth for NORMA in 2016
Preliminary sales in 2016 rose a modest 0.6% to €894.9 million for NORMA in fiscal year 2016 (2015: €889.6m). The Group saw preliminary adjusted EBITA increase 0.8% to €157.5 million, while adjusted EBITA margin stuck at a sustained high level of 17.6%. The period included the acquisition of automotive component manufacturer Autoline and Portugese clamps firm Lifial. Autoline […]
Construction industry got off to a flyer in 2017, says report
UK construction activity was up at the start of 2017, according to the latest Economic & Construction Market Review from analysts Barbour ABI. New building contracts awarded in January 2017 reached £6 billion, buoyed by housebuilding. Housing figures rose across January with construction contract value reaching £2.7 billion, up a whopping 83% on January 2016. […]
Bulten rates prospects to take market share in H2 2017
Following a strong order book at the end of 2016, Bulten’s prospects for winning market share are looking strong in the second half of 2017, according to the fastener supplier. Bulten has released its financial report for Q4 and full year 2016, revealing profitability was up in Q4. Q4 Net sales hit Swedish Krona (SEK) 674 […]