Prairie Industry Perspective – Metal Forming Industry May 2022

The U.S. metal forming industry converts ferrous and nonferrous metals into a variety of intermediate or end-use products utilizing processes such as cutting, stamping, welding, punching, bending, laser cutting, roll forming and coil processing. According to industry intelligence firm First Research, there are approximately 55,000 U.S. metal forming companies, and industry revenue totals about $350.0 billion annually. During 2021, industry revenue grew by 11.3%.

As the economy recovered from the fallout surrounding the COVID-19 pandemic, major companies in the metal forming industry saw significant year-over-year increases in sales despite supply chain challenges and rising inflation. Following is a look at the most recent financial results from a selection of metal forming companies.

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