Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Bossard Q3 U.S. Sales Boosted By Acquisition, Tesl...You are the 334872 visitors
Views:549   |   recommendation:   |   Votes:0   |   Discuss:0
Bossard Q3 U.S. Sales Boosted By Acquisition, Tesla Partnership


Bossard reported its 2017 third quarter fiscal results on Tuesday, led by continued strong growth.

The company posted total Q3 sales of $200.1 million, up 12.4 percent year-over-year (+11.9 percent in local currency.

In the U.S., Q3 sales of $53.5 million — 26.7 percent of total — increased 11.1 percent year-over-year (+10.1 percent in local currency)

In Europe, Q3 sales of $114.5 — 57.2 percent of total — increased 12.5 percent year-over-year (+12.1 percent in local currency)

In Asia, Q3 sales of $32.2 million — 16.1 percent of total — increased 13.8 percent year-over-year (+14.1 percent in local currency)

The company said the strong Americas increase was significantly helped by the recent acquisition of Canton, MA-based Arnold Industries. Adjusted for that addition, U.S. sales grew by 4.1 percent year-over-year. For the nine months through September, U.S. sales of $171.0 million were up 24.8 percent year-over-year (+24.3 percent in local currency). Bossard also credits its cooperation with electric vehicle manufacturer Tesla for U.S. growth and said it expects continued strong results from that relationship over the next several quarters.

Bossard said it is expecting full year 2017 sales of $802 million, up from 2016's $714 million.

Source: Industrial Distribution

2017/10/17 12:01:00

Previous:    China auto sales rise 5.7 pct in September
        Next:    Onsite, Vending Power Accelerated Growth For Fastenal In Q3

Recent Related News
Fastenal Sees Daily Sales Rise 12% In January, Promotes Blue Team--2018-02-07
Bossard Announces Pending CEO Transition--2018-01-31
Würth Industry North America Announces Senior Leadership Appointments--2018-01-25
Stanley B&D Grows Sales 17% In Q4, Acquires Nelson Fastener Systems--2018-01-25
Fastenal Sales And Profits Soared In 2017 On Vending, Onsite--2018-01-22
Midwest Wholesale Hardware Acquires Strauss Lock Distributors--2018-01-22
Fairmont Supply Acquires Fastener Distributor THB Inc.--2018-01-16
Bossard US Sales Jumped More Than 18% In 2017--2018-01-15
WüRTH GROUP ACHIEVES RECORDS IN SALES AND OPERATING RESULT--2018-01-10
Threaded Fasteners Inc. Expands Again in Florida Market with Addition of Tampa-based Bolt & Nut Inc.--2018-01-09
Würth Group acquires lubricant specialist Liqui Moly--2017-12-30
Fastenal November Sales See Best Growth In 3 Years--2017-12-12

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany



Show Room



Offer Product

Latest News
• China Fastener Info wish you a Chinese Lunar New Year!

• China Fastener Imports and Exports Both Increase

Buyers' Guide
Company News

• Wenshou Jinsheng Fastener: Focus on Quality

• Market-Oriented, Your One-Stop Supplier of Stainless Steel Fasteners—Dongtai Huawei Standard Component Corporation

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener