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.
Fastenal’s Big Pivot, Pt. 2: Sales Specialization & Realignment Read More »
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.
How Fastenal Made the ‘Big Pivot’ that Paid Big Dividends Read More »
The growth was below Fastenal’s benchmark 3.1% rate that the company provided in its 3Q earnings presentation.
Fastenal Daily Sales Growth Slows to 1.9% Read More »
The renewed partnership expands Fastenal's NHL presence to include Global Series European games and primetime international broadcasts.
Fastenal, NHL Expand Sponsorship Series with Multiyear Deal Read More »
The company appointed Anthony P. Broersma as the Executive Vice President-Operations, effective on October 11.
Fastenal Names New Executive VP of Operations Read More »
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’s 3Q Sales & Profits Decelerate Amid Softer Demand Read More »
Fastenal says the trial reflects its ongoing commitment to test and, when feasible, operationalize battery electric technology in its fleet.
Fastenal Testing Fleet Electrification with Partner ZEVX Read More »
Fastenal reported its August 2023 sales information, which showed net and daily sales were up 3.6% compared with the same period in 2022.
Fastenal August Sales Growth Stays Flat at 3.6% Read More »
Fastenal has invested more than $300,000 in equipment and infrastructure to bale and consolidate used PE film for recycling by Trex.
Fastenal, Trex to Turn Used Pallet Wrap into Decking Products Read More »
The company reported its July sales figures, which showed net and daily sales were up 3.7% compared with the same period in 2022.
Fastenal Sales Growth Slows to 3.7% in July Read More »
Total year-over-year sales growth of 5.9% was a sharp slowdown compared to 1Q, as daily sales slowed in each month during the quarter.
Fastenal 2Q Sales & Margins Decelerate Amid Softer Demand Read More »
It was the distributor's weakest daily sales growth month since June 2021.
Fastenal Daily Sales Slow as Fasteners Turn Negative in May Read More »
The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
Fastenal April Daily Sales Up Despite Weak Nonres Construction Read More »
The distributor said pricing's impact on 1Q sales was roughly half what it was in 2022's third quarter.
Fastenal’s 1Q Sales Growth Slowed as Pricing Impact Weakened Read More »
Noelle J. Oas will oversee benefits, insurance, payroll, diversity and compliance, and the Fastenal School of Business.
Fastenal Appoints New Human Resources Leader Read More »
It was a deceleration from January's 11.2% growth, but another solid month nonetheless.
Fastenal Sees 9.6% Daily Sales Growth in February Read More »
A new report states a majority of economists now think a would-be recession is coming later than expected. It suggests a softer economic landing as distributors continue to report strong financials.
Top Distributors Point to Strong Demand as Forecasted Downturn Pushes Out Read More »
Fastenal bounced back after a December that saw slower sales growth.
Fastenal’s Sales Rebounded in January Read More »
Though solid, sales and profit growth were considerably smaller than the previous several quarters.
Fastenal’s Growth Decelerated in 4Q as Non-U.S. Sales Hit $1B Read More »
The report includes information on the Winona, Minnesota-based distributor's continued efforts to improve workplace safety ratings.
Fastenal Publishes Inaugural ESG Report Read More »
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