Home Depot sales reached $101 billion in 2017
Sales for Home Depot’s fiscal 2017 were $100.9 billion, up 6.7% on fiscal 2016. Final quarter sales were similarly positive – Q4 saw sales of $23.9 billion, up 7.5% on the equivalent quarter in 2016. Net earnings for Q4 2017 were $1.8 billion, compared with £1.7 billion in Q4 2016. “Our ongoing commitment to enhance […]
Sales rise up 7.5% but tools struggle for Snap-on
Q4 and 2017 sales rose for Snap-on last year, but the US tools side of the business dropped slightly for the owner of BAHCO, Norbar Torque Tools and many others. Q4 net sales increased $84.8 million (9.5%) to $974.6 million – $38.9 million of which was organic, $29.7m was acquisition-related and a whopping $16.2 million came […]
Fastenal yearly sales rocket to $4.39 billion
Minnesota-headquartered Fastenal saw double digit sales and pre-tax earnings growth for the year ended 31 Dec 2017. The wholesale distributor of industrial and construction supplies saw net sales increase 14.8% in the quarter (up $140.5 million) thanks to high unit sales via Fastenal’s industrial vending and Onsite locations. Fastener products represented 35% of sales in […]
4,500 visited STAFDA’s 41st Annual Convention & Trade Show in Austin
Members of the Specialty Tools & Fasteners Distributors Association (STAFDA) registered for the 41st Annual Convention & Trade Show at a record pace. Nearly 4,500 attendees gathered for the November 2017 event, which included a 650-plus booth Trade Show that also introduced 50’ x 50’ island booths. The opening Sunday focused on education, with workshop […]
Milwaukee tools expands and creates 660 US jobs
Milwaukee Tools is growing existing operations in Mississippi with expansion at three locations in the state, creating over 600 new jobs. Seemingly making good on its promise for ‘relentless geographic expansion’, the move follows a revenue record for Milwaukee Tool owner Techtronic Industries. It saw revenue rise 7.3% to USD $2.9 billion in half year […]
Grainger opens 1.3 million sq ft distribution centre
Bordentown Township, New Jersey is the site of Grainger’s huge new regional distribution facility. The broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, hosted a grand opening of the 1.3 million ft² facility, which stocks more than 300,000 items and allows the company to deliver more products by the next […]
Brighton Best buys Koala Nails & PPE firm Ironclad
Brighton Best International (BBI) has snapped up two companies in recent weeks, including Australia’s Koala Nails and the USA’s PPE brand Ironclad. Koala Nails BBI is to acquire W & G Industries Pty Ltd, trading as Koala Nails. It said the move brings a new level of construction fastener expertise to the firm, both for Australia […]
Hillman Group buys Texas fastener manufacturer
Hillman Group has agreed to buy all of the assets and assumed certain liabilities, of Hargis Industries, doing business as ST Fastening Systems (STFS). STFS is a specialty fastener manufacturer and distributor based out of Tyler, Texas, selling to metal building fabricators, hardware wholesalers and building products distributors in the US. STFS’ HQ will remain in Tyler […]
USA fastener & tool round-up: DeWalt to create 450 jobs & Würth expands
Stanley Black & Decker (SBD) is to open a new 300,000 square foot manufacturing facility in Mission, Texas. The facility – SBD’s third in Texas – will make DEWALT power tool products when it opens in early 2018 and will eventually support approximately 450 new jobs in the region. The company said it has added 40% more […]
Vegas International Fastener Expo names new venue and launches preview day
The doors have just shut on the fastener show formerly known as NIFMSE, but plans have already emerged for next year’s iteration of the event. NIFMSE, now known as the International Fastener Expo, is to move to the Mandalay Bay Resort & Casino. This year the show, which closed last week, was held at the […]