Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
Latest In Fastenal
Despite impressive first-quarter sales and profit numbers for major distributors, stakeholders may still notice a hint of caution in the air as the calendar turns to summer. Download MDM's May 2022 Premium Monthly issue to read more.
While the pace of daily sales decelerated, overall sales remained robust as the company made further strides in hiring.
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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.
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.
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.
The distributor says 2022 first-quarter net sales were $1,704.1 million, up about $287 million over the same period in 2021.
The company reported nearly $531 million in net sales last month, compared to $437.7 million in February 2021.
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The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
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The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
Winona, Minnesota-based Fastenal Co. reported last-month sales of more than $524 million, an 18.9% increase over the same month in 2020.
Winona, Minnesota-based Fastenal Co. reported October sales of more than $531 million, an 8.9% increase over the same month in 2020.
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The industrial safety distributor saw a 10% net sales increase in the third quarter of 2021 versus the same period a year ago.
The seasonally adjusted Fastener Distributor Index (FDI) for September was 54.2, down from 55.8 in June, due to recent challenges.
