- News
Though solid, sales and profit growth were considerably smaller than the previous several quarters.
Search Results for: fastenal
- News
The report includes information on the Winona, Minnesota-based distributor's continued efforts to improve workplace safety ratings.
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Fastenal's daily sales growth this past month was slower than October but still outpaced Baird's projected output.
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Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
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Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
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Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
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It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
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Continued strong sales growth means the third quarter will likely be another windfall fiscal period for most industrial distributors.
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A month-to-month acceleration in daily sales bodes well for fellow industrial distributors large and small.
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The company said it saw benefits of carryover pricing impacts from 1Q, alongside continued strong underlying demand from industrial and construction customers.
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While the pace of daily sales decelerated, overall sales remained robust as the company made further strides in hiring.
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James Dorn details how Fastenal's digital transformation story has kept it ahead of the curve of customer demands.
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For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
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At the recent Fastenal Expo, we chatted with Senior Executive Vice President Terry Owen about the company's supply chain capabilities, which allow it to handle whatever comes next.
Fastenal CEO Dan Florness and MDM Editor Mike Hockett chat from the company’s recent Fastenal Expo about the company’s considerable digital growth and how it’s continued to find ways to become closer with its customers. We also touch on...
- Articles
Amid digital expansion, many distributors grew apart from customers during the pandemic. Fastenal did the opposite. In a new MDM Podcast, Mike Hockett and Dan Florness discuss how the company continues to grow closer to its customers.
- Articles
MDM Executive Editor Mike Hockett recaps what he saw and learned at Fastenal Expo 2022, the distributor's first in-person company showcase in three years.
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Fastenal's 1Q growth considerably outpaced that of a year earlier and the last "pre-COVID" quarter of 1Q 2020. Digital is the biggest driver. We examine the numbers here.
- News
The distributor says 2022 first-quarter net sales were $1,704.1 million, up about $287 million over the same period in 2021.
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The company reported nearly $531 million in net sales last month, compared to $437.7 million in February 2021.
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