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 429514 visitors
Views:792   |   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
Dongguan STL: Practice Brand Concept By Setting up Fatigue Test Center--2018-06-08
Germany's Billionaire 'Screw King' Tightens the Screws on the U.S.: No More Investment Until Trump Goes--2018-06-08
Fastenal To Build New Mississippi Distribution Center By 2019--2018-06-06
Sundram Fasteners Q4 standalone net up 8.62%--2018-05-15
NORMA Group to acquire water management company in India--2018-05-09
Large Customers Power Fastenal's Continued Strong Growth In April--2018-05-08
MSC Acquires Fastener Distributor All Integrated Solutions For $86M--2018-05-03
Dongtai Huawei Standard Component Corporation: Develop New Products, Target on Mid and High-End Markets--2018-04-28
Wuxi Anshida Hardware Co.,Ltd: Pursue Perfection with Persistence--2018-04-24
NORMA Group Buys Nashik-Based Water Management Firm KPSL--2018-04-23
Bossard Marked Sales and Profit Growth –Record Profitability --2018-03-30
Anixter Moves Flagship European DC To Lichfield, U.K.--2018-03-29

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:fastener8fastener

Fastener Shanghai


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

•METALTECH, May 23-26, 2018, Kuala Lumpur, Malaysia

•Fastener Fair Mexico, Jun 20-21, 2018, Guadalajara, Mexico

•Manufacturing Expo Thailand, Jun 20-23, 2018, Bangkok, Thailand



Show Room



Offer Product

Latest News
• NFDA Elects New President, Board Members For 2018-2019

• Japan's core private-sector machinery orders gain 10.1 pct in April

Buyers' Guide
Company News

• Wenshou Jinsheng Fastener: Focus on Quality

• Donglong Metal Mold Machinery: Focus on Quality, Talents and Brand

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


fastener