Fastener Distributor Index Jumps in February as Outlook Hits Record-High
Sales, employment, deliveries and pricing are at historic highs, while shrinking inventories is evidence of a clearing backlog.
Mar 5th, 2021
iStock
After a decent deceleration in January, FCH Sourcing Network s Fastener Distributor Index (FDI) rebounded in a big way in February which is traditionally a softer month for the industry.
The FDI jumped 8.4 percentage points in February to a mark of 66.1 its best reading since July 2018 (69.2) as the index s six-month-outlook measure reached a record-high.
The FDI has seen a remarkable recent turnaround, as it was already in contraction territory (anything below 50.0) before the COVID-19 pandemic hit. The FDI was in the mid-40 s in November-December 2019, recovered modestly and then bottomed out at 40.0 in April 2020 amid the worst of the pandemic s business impacts. The FDI was still in contraction territory as recently as August (49.2), but has been in
Operator
Good morning, ladies and gentlemen, and welcome to the Heritage-Crystal Clean, Incorporated Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
Some of the comments we will make today are forward-looking. Generally, the words aim, anticipates, believe, could, estimate, expect, intend, may, plan, project, should, will be, will continue, will likely result, would, and similar expressions identify forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors some of which are beyond our control. These forward-looking statements speak as of today, you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. Please refer to our SEC filings, including our Annual Reports on Form 10-K, as w
Clean Harbors Inc (CLH) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning. Welcome to Pool Corporation s Fourth Quarter 2020 Conference Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Mark Joslin, Senior VP and Chief Financial Officer. Please go ahead.
Mark W. Joslin
Thank you. Good morning, everyone, and welcome to our year-end 2020 earnings call.
I d like to remind our listeners that our discussion, comments and responses to questions today may include forward-looking statements, including management s outlook for 2021 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ materially from projected results is discussed in our 10-K.
Operator
Good day, and welcome to the Watsco Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Albert Nahmad, CEO. Please go ahead.
Albert H. Nahmad
Chief Executive Officer
Good morning, everyone. I hope everyone is healthy and safe, and welcome to Watsco s Fourth Quarter Earnings Call. This is Al Nahmad, Chairman and CEO; and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, also Executive Vice President. As we normally do, before we start, here s our cautionary statement. The conference call has forward-looking statements as defined by SEC laws and regulators that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements. Now on to our financial report. Watsco produced another record year, with sales, net income and earnings per share re