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.
From its Expo, We Go Inside Fastenal with Dan Florness Read More »
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 Expo: MDM’s All-Access Pass to the Innovative Distributor Read More »
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.
Fastenal Wants Digital to Comprise 55% of its Sales by End of 2022 Read More »
The distributor says 2022 first-quarter net sales were $1,704.1 million, up about $287 million over the same period in 2021.
Fastenal 1Q Earnings Up 20.3% Read More »
The outlook for 2022 remains bright, but government efforts to restrain inflation, global instability and continued supply chain challenges seem to shift the variables almost daily.
March 2022 Premium Monthly: A Focus on Strategy Read More »
The company reported nearly $531 million in net sales last month, compared to $437.7 million in February 2021.
Fastenal February Sales Rise 21.3% Read More »
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22 Read More »
The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
Fastenal January Sales Up 20.7% Read More »
Distributors are scrambling to reinforce bench strength as market conditions look good. Here’s what Fastenal, Ferguson, Avnet and others are sharing with MDM on how they’re adapting.
Need Good Help! Talent Stress Emerges as Top 2022 Challenge for Distributors Read More »
The ups and downs of COVID-19 made distributors re-think how they use technology to connect with customers; that’s likely to accelerate in 2022.
COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations Read More »
The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
Fastenal Sales Rise 6.4% in 2021 Read More »
Winona, Minnesota-based Fastenal Co. reported last-month sales of more than $524 million, an 18.9% increase over the same month in 2020.
Fastenal November Sales Rise Read More »
Winona, Minnesota-based Fastenal Co. reported October sales of more than $531 million, an 8.9% increase over the same month in 2020.
Fastenal October Sales Up Read More »
The industrial safety distributor saw a 10% net sales increase in the third quarter of 2021 versus the same period a year ago.
Fastenal’s Sales Rebound in 3Q Read More »
The seasonally adjusted Fastener Distributor Index (FDI) for September was 54.2, down from 55.8 in June, due to recent challenges.
Fastener Distributor Index Dips Again in September Amid Supply Chain Shortages Read More »
For August, Fastenal reported daily sales of $24.1 million, which was a 9% increase versus a year ago, while fastener sales increased 18.9%.
Fastenal’s August Sales Increase 14.2% Read More »
Fastenal’s reported daily sales for the month were up 9.7% versus a year as its sales mix continued at its normal levels.
Fastenal’s July Sales Increase 4.7% Read More »
The distributor’s revenue was flat in 2Q as safety sales dipped, but it beat analysts’ EPS expectations behind solid construction activity and increased digital sales.
Fastenal CEO: Decline in Pandemic-Related Sales a ‘Good Thing’ Read More »
“The absence of pandemic-related impacts produced significant shifts” in Fastenal’s product mix, meaning fastener sales were up and safety sales were down.
Fastenal’s Sales Flat in 2Q Read More »
Distributor focused on e-commerce growth, new bin technology and converting pandemic-purchasers into long-term customers.
Fastenal Converts Branches in Continued Shift to Digital Read More »
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