Increased sales and profits were on the menu of fastener companies in North America for 2011, the End of 2011 FIN Survey found.
Nearly eight in ten businesses — 78% — reported “moderate” to “strong” sales growth during the year, representing the second straight year of sales growth by at least three out of four fastener companies. An even 50% of fastener firms said sales grew at a “moderate” pace, while 28% saw “strong” sales growth.
An additional 12% of companies participating in the survey said sales stagnated in 2011, while 5% reported a moderate decrease in annual revenues.
Profits were up as well, with 73% of manufacturers, distributors, importers and platers surveyed by FIN recording profit gains. Just over 49% of companies saw “moderate” profit increases, while 24% achieved “strong” profit growth. (…)
