Fastenal’s April sales growth slowed slightly after a strong March surge, signaling a potential cooling in demand across top segments and national accounts. See our full breakdown of the monthly figures.
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The distributor announced an upcoming two-for-one stock split, marking Fastenal's ninth split in its history and first since 2019.
Fastenal posted its strongest monthly sales growth since early 2023, with March daily sales surging year-over-year despite margin 1Q margin pressure. See our full breakdown of the company's March and 1Q results.
Fastenal’s latest sports-oriented endeavor joins several other pro teams and leagues that the distributor supports. The company gave us the details on why it made sense and what’s involved.
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The company reported a major February increase in daily sales growth, following a modest rebound in January and a three-year low in December. See our full breakdown of the monthly figures.
Founder of Fastenal and former Minnesota State Senator Bob Kierlon spearheaded the company’s growth and contributed to community development and philanthropy.
Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.
The company ended the year with its worst daily sales growth month since mid-pandemic, though quarterly growth still accelerated. See our thorough breakdown of Fastenal's full year, fourth quarter and December results.
Fastenal announced that its CFO is resigning, with no issues related to the company’s operations or financial reporting.
It was the company’s best month since December 2023, led by particularly strong growth from manufacturing customers and in fastener products.
It suggests that broader demand for industrial and construction supplies remains subdued heading into 2024's closing months.
The company promoted an industry veteran with 25 years of experience at Fastenal to the newly created position.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM's full breakdown here.
Fastenal launched an AI-upgraded chatbot in June, and is currently building a sourcing tool — both intended to help its staff. Get the details here.
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Growth continued to slide across all geographies, product segments and customer end markets.
Watts has been with Fastenal since 1996 and has led its sales operations since May of last year.
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
Daily sales growth is up, yet still soft, following Fastenal's April low.
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
