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Metalworkg Machinery & Equipment: capital spending and supply chain

SIC 3540 · 4 companies with filed cash-flow statements

Capital spending, 12 months$320M
Operating cash flow$1.1B
Capex / cash flow30%
Capex / revenue4.1%
Top 3 share100%

Analysis

4 companies in Metalworkg Machinery & Equipment (SIC 3540) spent $320M on capital projects over their latest twelve months, 30% of the $1.1B their operations generated; the three largest spenders — LECO, SPXC, NNBR — account for 100%.

Capital spending is 4.1% of the industry's $7.7B of annual revenue.

By the industry's asset mix most of it goes to equipment (48%); about $58.9M is imported.

The largest supplier of that spending is manufacturing structures ($88.9M).

Its largest supplying industries, by the input-output tables: imports ($628M), management of companies and enterprises ($329M), iron and steel mills and ferroalloy manufacturing ($329M).

Charts

Metalworkg Machinery & Equipment: capital spending by company, latest twelve monthsMetalworkg Machinery & Equipment: capital spending by company, latest twelve monthsLECO$155MSPXC$148MNNBR$16.8MCVR$454K
Filed cash-flow statements (SEC XBRL).
Metalworkg Machinery & Equipment: what the capital spending buys (US part)Metalworkg Machinery & Equipment: what the capital spending buys (US part)Structures$92.6MEquipment$125MSoftware$26.6MOther$16.8M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Metalworkg Machinery & Equipment: the industries that build and sell what it buysMetalworkg Machinery & Equipment: the industries that build and sell what it buysManufacturing structures$88.9MMachine tool manufacturing$18.0MSoftware publishers$14.9MCutting and machine tool accessor…$12.3MSpecial tool, die, jig, and fixtu…$12.2MPlate work and fabricated structu…$11.2MMaterial handling equipment manuf…$7.7MAir conditioning, refrigeration, …$7.1MOther fabricated metal manufactur…$7.0MOther general purpose machinery m…$6.0M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Metalworkg Machinery & Equipment: its first-tier supplying industriesMetalworkg Machinery & Equipment: its first-tier supplying industriesImports$628MManagement of companies and enter…$329MIron and steel mills and ferroall…$329MOther durable goods merchant whol…$134MAluminum product manufacturing fr…$106MMachinery, equipment, and supplies$98.7MTurned product and screw, nut, an…$92.8MCutting and machine tool accessor…$85.2MHousehold appliances and electric…$85.0MNonferrous metal foundries$81.1M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Metalworkg Machinery & Equipment: where the industry's cash came from (+) and went (−)Metalworkg Machinery & Equipment: where the industry's cash came from (+) and went (−)Acquisitions−$1.3BOperating cash flow$1.1BNet borrowing$834MCapital spending−$320MBuybacks−$284MDividends−$173MOther investing (in)$131MCash drawn from the balance s…$121MNet debt repaid−$92.8MOther financing (out)−$14.0MShares issued$12.4MSales of assets & businesses$6.8MExchange-rate gains on cash$5.5MOther financing (in)$5.0M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
LECO Lincoln Electric Holdings$155M$667M23%TTM to Q3 2026
SPXC SPX Technologies$148M$375M40%TTM to Q3 2026
NNBR NN$16.8M$15.4M109%TTM to Q3 2026
CVR Chicago Rivet & Machine$454K−$1.6M—TTM to Q3 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
CVRTI Group Automotive Systems LLC19%Stated in 10-K (XBRL)filing
CVRMartinrea International Inc10%Stated in 10-K (XBRL)filing
CVRCPS5%Stated in 10-K (sentence)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.