TOM HAYES

Managing Director, SENIOR Equity Research Analyst

Tom joined Northcoast Research in August 2014 as a Managing Director and Senior Research Analyst covering the Industrial sector. Prior to joining Northcoast Research, Tom spent two years as a Senior Research Analyst at Thompson Research Group covering Industrial Machinery and Diversified Industrial companies, and five years at Piper Jaffray, where he developed an Industrial Sector platform focused on Industrial Distribution, Building Products, Machinery, Industrial Services, Industrial Technology, and Diversified Manufacturing. Prior to becoming a sell-side equity analyst, Tom spent 15 years in the industrial distribution and building products industry, including 10 years with Airgas, where he led the Company’s vendor-managed inventory initiative for the Distribution business from 1999-2000, managed inventory and purchasing for a five state region from 1996-1999, supply chain management for the U.S. business from 1992-1999, and was Regional Business Analyst responsible for financial planning and analysis for the Western U.S. Region from 1989-1992.

Through both his personal experience and ongoing research, Tom and his team have developed a vast array of industry contacts to draw from, including engineers, product specialists and marketing executives at a significant number of privately held and public manufacturing companies. Tom also maintains high-level contacts at more than 150 privately held North American welding distributors that enable him to track industry dynamics for each of his industry verticals, in addition to pricing trends for a key basket of welding equipment, tools, and supplies on a monthly basis. In addition to providing proprietary equity research and custom research data to institutional investors, Tom has presented his research findings to the Minnesota Road Pavers Association. 

INDUSTRIES

INDUSTRIAL MANUFACTURING

Companies Covered

Briggs & Stratton Corporation – BGG
Chart Industries, Inc. – GTLS
Colfax Corporation – CFX
Generac Holdings Inc. – GNRC
Illinois Tool Works – ITW
Lincoln Electric Holdings, Inc. – LECO
Proto Labs, Inc. – PRLB
Snap-on Tools – SNA
Stanley Black & Decker, Inc. – SWK
The Toro Company – TTC

industrial technology

Companies Covered

Cognex Corporation – CGNX
Coherent Inc. – COHR
IPG Photonics – IPGP
nLIGHT, Inc. – LASR
Trimble Inc. – TRMB

INDUSTRIAL DISTRIBUTION

Companies Covered

MSC Industrial Direct Co., Inc. – MSM
W.W. Grainger, Inc. – GWW

INDUSTRIAL EQUIPMENT WHOLESALE

Companies Covered

Fastenel Company – FAST
HD Supply – HDS

ELECTRICAL EQUIPMENT DISTRIBUTION

Companies Covered

Wesco International – WCC

Contact information

P 216.242.2366
M  763.300.2294
E  Tom.Hayes@NorthcoastResearch.com