Thinking hard about tariffs, AI tech, reshoring and keeping stock on the shelves, the fastener industry heads to Vegas for its largest annual conference of the year. Director of strategic sourcing for Würth Industry USA, Brian Schommer explains the critical role of sourcing and the reboot of the Würth Knowing podcast (14:11). Young Fastener Professional of the Year, Tim […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 8/7/25 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) continued to move higher in July, reaching 53.1 (June 52.0), reflecting slightly better seasonally-adjusted sales trends and higher employment. The Forward-Looking Indicator (FLI) was even more positive, coming in sharply higher m/m at 57.3 […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 7/7/25 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) improved sequentially for the second consecutive month, reaching 52.0 (May 50.4), reflecting re-acceleration in sales and customer inventories. However, the Forward-Looking Indicator (FLI) fell back below 50, landing at 47.4 (vs. May’s 50.2), consistent […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 6/6/25 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) saw month-over-month improvement, reaching 50.4 (April 46.9). This reflected improvement in three of the four underlying components (sales, employment and supplier deliveries). The Forward-Looking Indicator (FLI) also improved at 50.2, the first reading above 50 […]
The fastener industry reacts to the new tariffs as the impacts begin to take shape. Field Fastener president Adam Derry joins Fastener Technology International editor Mike McNulty to sort out the tanking FDI numbers on the Fastener News Report (21:16). Returning from Stuttgart, Goebel Fasteners CEO Christian Reich checks in with his read (12:55). Plus, John […]
The fastener industry powers ahead amid unsettling tariff news, cyber warfare and sky high egg prices. Martin Fastening Supply EVP Scott McDaniel joins newsman Mike McNulty to sift through the surprising FDI numbers on the Fastener News Report (29:22). From his new operating base in Malaysia, Würth EVP Asia-Pacific Dee Ward shares a very […]
As he rides into the sunset, Steve “The Sasco Man” Dunham stops by to take stock in a fastener career well spent (9:08). On the Fastener News Report, Mike McNulty welcomes Würth Industry USA COO Jeff Schmitt to read into sinking FDI numbers, plus major strategic announcements from Würth (35:16). Carmen Vertullo explains proper nut […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 8/8/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) dipped to 47.5, below 50 for the first time since January. While normal summer sluggishness likely played a role, several participants said they saw signs of a broader slowdown beyond just seasonal […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 7/8/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) saw a slight m/m decline, 52.1 vs. 52.9 in May, but remained in expansionary territory (>50). Commentary was mixed as some saw good order trends, while others characterized June as fairly weak. […]
Written by R.W. Baird analyst David J. Manthey, CFA with Quinn Fredrickson, CFA 6/6/24 Key Takeaway: The seasonally adjusted Fastener Distributor Index (FDI) saw modest m/m improvement, reading 52.9 in May vs. 51.6 in April, and continued to expand (above neutral reading of 50), albeit driven by just one component, supplier deliveries. Commentary was again […]
