Fastenal Sales Rise 3.5% in 1Q - Modern Distribution Management

Fastenal Sales Rise 3.5% in 1Q

Sales for March increased 4.5 percent year-over-year.

The Fastenal Company, Winona, MN, (Nasdaq: FAST) reported sales for the first quarter of $986.7 million, up 3.5 percent from the first quarter a year ago. Profit was $126.2 million, down 1.1 percent from the same period in 2015.

Daily sales increased 1.9 percent for the quarter to $15.4 million.

The number of stores open in the first quarter was up 0.1 percent year-over-year to 2,626. FAST Solutions machines were up 17.2 percent to 56,889 vending machines. Employee count was up 5.8 percent year-over-year to 13,658.

The company also reported sales for March of $357.1 million, a 4.5 percent increase over the same period a year ago. Daily sales were flat at $15.5 million.

During the month, sales to manufacturing customers decreased 0.5 percent, while sales to nonresidential construction customers decreased 2.1 percent.

Store count was 2,626, compared to 2,624 a year ago. Employee headcount increased 6.7 percent year-over-year to 20,509.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!