The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
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More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
In 2023, Fastenal achieved workplace safety results and launched a large-scale plastic recycling program.
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
Following his three-part article series, we had John Gunderson on the podcast for a deeper dive into Fastenal’s move from a company dependent on a nationwide branch network to one that emphasizes embedded customer service.
It lets Fastenal meet a broader scope of product needs in the aerospace and defense industry, with a focus on precision-machined parts.
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November's. Get our in-depth breakdown here.
Year-over-year daily sales growth doubled that of October, but the company's November-December sales figures are known to be volatile.
In the last of his three-part detective series, John Gunderson examines the role that Fastenal's investments, product line expansions and digital growth have played to drive a decade-long performance increase.
In part two of his three-part detective series, John Gunderson examines the role Fastenal's sales specialization and realignment programs played to drive a decade-long performance increase.
In the first of a 3-part series, John Gunderson goes detective-mode to examine Fastenal's transformation from a branch count-heavy distributor to one prioritizing integrated supply and self-service.
The growth was below Fastenal’s benchmark 3.1% rate that the company provided in its 3Q earnings presentation.
The renewed partnership expands Fastenal's NHL presence to include Global Series European games and primetime international broadcasts.
The company appointed Anthony P. Broersma as the Executive Vice President-Operations, effective on October 11.
For the third quarter, the company reported more than $1.84 billion in net sales, a 2.4% increase over the same period in 2022.
Fastenal says the trial reflects its ongoing commitment to test and, when feasible, operationalize battery electric technology in its fleet.
Fastenal reported its August 2023 sales information, which showed net and daily sales were up 3.6% compared with the same period in 2022.
MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
Fastenal has invested more than $300,000 in equipment and infrastructure to bale and consolidate used PE film for recycling by Trex.