Fastener Week II: Power Pro One
A celebration of fasteners concludes with this versatile player from Hillman.
Hillman’s Power Pro One Multi-Material fastener brings an abundance of versatility to the job site. The Product drills through wood, masonry, metal, drywall and plastic.
Among the key features are the 3-sided pyramid point, serrated threads and spiral flutes. The screws are engineered with hi-lo threads to increase drive speed and pullout resistance.
The Hillman Power Pro One product is the fifth and final participant of HBSDealer’s Fastener Week II, celebrating new products and new concepts from the world of construction and repair.
Fastenal posts sales gains
Industrial supply company points to increases in vending and onsite locations.
Winona, Minn.-based Fastenal Company reported third-quarter sales of $1.28 billion, up 13.0% from sales of $1.13 billion in the prior-year quarter.
Net earnings increased to $197.6 million, up from $143.1 million in the same quarter last year.
The company’s sales gains were caused by higher unit sales related primarily to continued strength in underlying market demand and contributions from industrial vending and onsite locations.
A smaller contribution to sales growth came from higher product pricing as a result of increases instituted at the end of the fourth quarter of 2017 and during July and August of 2018 to mitigate inflation in the marketplace.
The company’s installed device count on September 30, 2018 was 78,706, an increase of 14.0% over a year ago. The company also signed 88 new Onsite locations, which aree defined as dedicated sales and service provided from within, or in close proximity to, the customer’s facility.
HBSDealer Stock Watch: Another tumble
|Most hardware and building supply stocks finished lower on Wednesday.|
|BLDR (Builders FS)||13.48||-0.15%|
|BMCH (BMC Stock)||17.71||-0.73%|
|CENT (Central Garden)||34.41||-2.22%|
|DE (Deere & Co.)||147.46||-1.99%|
|HD (Home Depot)||193.70||-1.05%|
|LL (Lumber Liquidators)||13.88||+1.17%|
|SMG (Scotts Miracle-Gro)||75.62||-2.75%|
|TSCO (Tractor Supply)||84.82||-4.74%|
|UFPI (Universal Forest)||34.11||-0.58%|