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June 9, 2025
New England-based Siri Wire is a manufacturer and distributor of stainless steel wire products, used in applications such as filters screens and washers.
U.S. manufacturing technology orders rose nearly in February, with gains from contract machine shops and signs of investment.
The company reported a decline in 2Q sales, impacted by a challenging operating environment and a cautious outlook despite progress in initiatives.
The latest monthly report shows a decline in metalforming providers’ outlook, with fewer expecting growth in economic activity and incoming orders.
Manufacturers of metalformed products moderated their February economic outlook, with a dip in optimism and steady forecasts for orders and shipping levels, according to a PMA report.
PMA latest Business Conditions Report shows 35% of surveyed metalforming manufacturers predict an increase in economic activity this quarter.
The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
The PMA report shows that metalforming manufacturers maintain a guarded yet optimistic economic outlook.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
However, orders rose 1.7% year-over-year.
Despite mixed messages, there are signs the manufacturing technology industry may be at the beginning of a rebound.
The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
