R.W. Baird analyst David J. Manthey writes: "The October seasonally adjusted Fastener Distributor Index (FDI) declined further vs. the previous month, coming in at 44.3 (September was 47.6). This represents another contractionary reading, indicating market conditions continued to deteriorate. This was consistent with the sub-50 reading in last month’s Forward-Looking Indicator (FLI). Demand commentary again skewed pessimistic, with comments ranging from “slight slowing” to “noticeable declines”, and very few positive comments about demand. On the positive side, stainless steel pricing seems to be stabilizing and many respondents noted improvement in supplier lead times and overseas transit times. Looking ahead, the FLI once again registered a sub-50 index value, reading 42.4, suggesting further declines in the FDI could be likely. Overall, similar to the overall macro backdrop, and the industrial economy specifically, fastener market demand conditions continue to soften."
Welcome Reception
Brighton-Best International (Platinum)
Advance Components
Beawest Fasteners
Elgin Fastener Group
Kanebridge Corporation
WTC IT Services
Thursday Breakfast and Break
J.Lanfranco Fastener Systems Inc. (Silver)
All Integrated Solutions
Assembled Products
Eurolink Fastener Supply Service
Sems and Specials
Friday Breakfast, Break, and Roundtables
Specialty Bolt & Screw
Star Stainless Screw Co.
General Sponsors
J.Lanfranco Fastener Systems Inc. (Silver)
Rotor Clip Company (Silver)
Würth Industry North America (Silver)
Bamal Fastener Corporation
Brikksen Stainless
Elgin Fastener Group
Infasco / Ifastgroupe
INxSQL Software
SPIROL International
Virtual Holiday Celebration with YFP and NFDA
Register Today!
Wednesday, December 14, 2022 4:30 PM Eastern
Please join us for this fun and relaxed virtual event. The first 50 to register by November 30 get a complimentary gift package!
Be ready to enjoy some spirits, play some classic holiday trivia on an easy-to-use platform, socialize with industry peers, and enjoy the festive holiday mood. It’s sure to be a good time for all!
This event is free, but registration is required.
Become a holiday party sponsor!
Simply add the $200 sponsorship fee to your online registration or email Jamie Adams.
March 16 - Virtual Program May 11 - Virtual Program June 13-14 - Annual Meeting(Chicago, IL) September 28 - CEO and Executive Virtual Roundtables October 25-27 - The Executive Summit(Scottsdale, AZ) November 30 - Virtual Program December 14 - NFDA and YFP Virtual Holiday Party
