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It signals continued languishing market conditions, as April's decline was likewise revised sharply downward. May's figure was its lowest since the height of COVID-19 lockdowns.
The water infrastructure products distributor reaffirmed its fiscal 2026 outlook after 1Q net income climbed nearly 8% despite flat year-over-year sales.
It was the company's 11th straight month of double-digit daily sales growth year-over-year as nearly every key sales metric improved sequentially. We provide a full breakdown of Fastenal's May sales numbers here and the context around them.
Solid housing construction spend more than offset a third straight private nonres decline. Get the full numbers and growth/decline changes here.
U.S. housing starts declined in April as single-family construction slowed, while building permits rebounded month-over-month amid continued volatility in residential construction activity.
Solid housing construction spend more than offset a second straight nonres decline. Get the full numbers and growth/decline changes here.
It was the company's 10th straight month of double-digit daily sales grwoth year-over-year and its best month since August 2022 in the height of post-COVID market recovery. We give a full breakdown of Fastenal's April sales metrics here and the context around them.
White Cap gains a nearly 60-year-old distributor with two locations serving the U.S. Southwest.
Pricing continued to play a major — albeit decelerated role — in quarterly sales gains, while the company noted share gains and broad-based demand as driving factors.
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That business segment generated about $7.1 billion in fiscal 2025 revenue and has approximately 31,000 employees
The infrastructure supplies distributor’s former CEO has retired as executive chairman, and the company has named a successor, along with another board member appointment.
Most of it comes from a common stock financing round for the company that plans to expand throughout the U.S. Sunbelt region.
The 2025 gain was despite one fewer selling week than 2024 for the infrastructure supplies distributor.
It was the fourth straight monthly decline for private nonresidential spending, which is now down 8% from its December 2023 all-time high.
SouthernCarlson was acquired by Trulink Capital from Kyocera Corp. in January.
Breaking ground March 24, it will replace the company’s current Atlanta-based “AHUB” and could eventually be nealry four times the size.
Fastenal reported a strong February that saw the company's best daily sales growth since October 2022 despite a downstep for its top national accounts.
The topline figure snapped three straight months of decline, though nonresidential spending saw a sharp decline.