Fastenal Daily Sales Growth Slows in October
It suggests that broader demand for industrial and construction supplies remains subdued heading into 2024’s closing months.
Fastenal Daily Sales Growth Slows in October Read More »
Fastenal
Fastenal Appoints Strategy & Communications Leader
The company promoted an industry veteran with 25 years of experience at Fastenal to the newly created position.
Fastenal Appoints Strategy & Communications Leader Read More »
Fastenal Ends 3Q with Momentum
Get a complete breakdown of the distributor’s September and 3Q financials, which point to a demand uptick for the industrial supply sector.
Fastenal Ends 3Q with Momentum Read More »
Fastenal Posts Modest August Daily Sales Improvement
Though still soft by Fastenal’s historical standards, August was a rebound from July. Get MDM’s full breakdown here.
Fastenal Posts Modest August Daily Sales Improvement Read More »
MDM’s August Premium Monthly Issue Now Available
Now available to Premium members and in the MDM Store, the issue contains the most articles we’ve packed into an issue in several years.
MDM’s August Premium Monthly Issue Now Available Read More »
Fastenal Details Rollout of Internal AI Tools
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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Fastenal Details Rollout of Internal AI Tools Read More »
Fastenal’s July Daily Sales Growth Fell to 38-Month Low
Growth continued to slide across all geographies, product segments and customer end markets.
Fastenal’s July Daily Sales Growth Fell to 38-Month Low Read More »
Fastenal CSO Watts Promoted to President, Florness Remains CEO
Watts has been with Fastenal since 1996 and has led its sales operations since May of last year.
Fastenal CSO Watts Promoted to President, Florness Remains CEO Read More »
In 2Q, Fastenal Had its Weakest Daily Sales Growth in 3 Years
Weak fastener sales continue to weigh on overall results, though the company indicated that customer acquisition efforts remain encouraging.
In 2Q, Fastenal Had its Weakest Daily Sales Growth in 3 Years Read More »
Fastenal’s May Daily Sales Growth Remains Soft
Daily sales growth is up, yet still soft, following Fastenal’s April low.
Fastenal’s May Daily Sales Growth Remains Soft Read More »
April Was Fastenal’s Weakest Daily Sales Growth Month in 3 Years
It was another deceleration as daily sales declined sequentially vs. March in all three of the company’s geographies and product lines.
April Was Fastenal’s Weakest Daily Sales Growth Month in 3 Years Read More »
Weather, Weak Demand Hurt Fastenal’s 1Q Results
The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
Weather, Weak Demand Hurt Fastenal’s 1Q Results Read More »
Here’s Which Distributors Were Named Most Trustworthy by Newsweek
More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
Here’s Which Distributors Were Named Most Trustworthy by Newsweek Read More »
Fastenal Highlights Achievements in 2024 ESG Report
In 2023, Fastenal achieved workplace safety results and launched a large-scale plastic recycling program.
Fastenal Highlights Achievements in 2024 ESG Report Read More »
Fastenal February Daily Sales Edge Up on Non-Fasteners Growth
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
Fastenal February Daily Sales Edge Up on Non-Fasteners Growth Read More »
MDM Podcast: A Breakdown of Fastenal’s Decade-Long “Big Pivot”
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.
MDM Podcast: A Breakdown of Fastenal’s Decade-Long “Big Pivot” Read More »
Fastenal Manufacturing’s U.K. Leeds Location Earns AS9100 Certification
It lets Fastenal meet a broader scope of product needs in the aerospace and defense industry, with a focus on precision-machined parts.
Fastenal Manufacturing’s U.K. Leeds Location Earns AS9100 Certification Read More »
Weather Drags on Fastenal’s January Sales
The company saw a sharp deceleration in daily sales, hampered by weather impacts during the month.
Weather Drags on Fastenal’s January Sales Read More »
Onsites Push Fastenal Profits Higher in 4Q as 2023 Sales Top $7.3B
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.
Onsites Push Fastenal Profits Higher in 4Q as 2023 Sales Top $7.3B Read More »
Fastenal November Sales Improve, but Hold in Low-Single Digits
Year-over-year daily sales growth doubled that of October, but the company’s November-December sales figures are known to be volatile.
Fastenal November Sales Improve, but Hold in Low-Single Digits Read More »
