Historical figures represent the averages from 2016
Change in daily sales since January
8.9%
7.8%
8.2% to 2019 and 2021.
Daily sales last month
$
27,664
23,415
Change in daily sales since last month
1.3%
3.1%
3.1%
Daily sales growth by geography
United States
16.5%
7.2%
Calculated using US days and US dollars.
Canada/Mexico
17.5%
18.7%
Rest of World
1.5%
24.2%
Total Company
16.1%
9.0%
Daily sales growth by end market
Manufacturing
23.5%
19.7%
Non-residential construction
5.8%
10.1%
Daily sales growth by product line
Fasteners
19.8%
18.9%
Safety
11.7%
(3.8%)
Other
14.5%
8.5%
Growth metrics by customer/channel type
Daily sales growth - national accounts
20.0%
17.0%
Daily sales growth - non-national accounts
10.0%
(1.0%)
% of Top 100 national accounts growing
81.0%
77.0%
% of public branches growing
70.4%
65.7%
Daily sales growth rates are rounded to whole percentage rates.
Employee headcount at month end
Aug-22
Aug-21
Change
Jul-22
Change
In-market locations (branches & Onsites) - FTE
12,088
11,295
7.0%
12,067
0.2%
Non-in-market selling - FTE
2,348
2,043
14.9%
2,324
1.0%
Total selling personnel - FTE
14,436
13,338
8.2%
14,391
0.3%
Distribution/Transportation personnel - FTE
2,955
2,720
8.6%
2,867
3.1%
Manufacturing personnel - FTE
667
626
6.5%
674
(1.0%)
Organizational support personnel - FTE**
1,683
1,540
9.3%
1,659
1.4%
Total non-selling personnel - FTE
5,305
4,886
8.6%
5,200
2.0%
Total personnel - FTE
19,741
18,224
8.3%
19,591
0.8%
Total personnel - absolute
21,862
20,229
8.1%
21,803
0.3%
Historical averages exclude the impact of the March 2017 acquisition of Mansco. They also exclude 2020, a year during which many months were significantly impacted by COVID-19 surge activity and so would not be considered representative of normal activity.
Organizational support personnel consists of: (1) Sales & Growth Driver Support personnel (35%-40% of category), which includes sourcing, purchasing, supply chain, product development, etc.; (2) Information Technology personnel (30%-35% of category); (3) Administrative Support personnel (25%-30% of category), which includes human resources, Fastenal School of Business, accounting and finance, senior management, etc.
Definitions in release:
Net sales - Net sales for the period indicated.
Daily sales - Net sales divided by the number of business days in the US.
FTE - Full-time equivalent headcount.
Next monthly sales release date: Thursday, October 13, 2022 at 6:00 AM(central time)
Next earnings release date: Thursday, October 13, 2022 at 6:00 AM(central time)
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Disclaimer
Fastenal Company published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 10:59:04 UTC.
Fastenal Company is one of the North American leaders in industrial and construction material distribution. Net sales break down by family of products as follows:
- fastening products (32.4%): screws, nuts, bolts, joints, etc.;
- protection equipment (21.2%);
- storage and handling equipment (14%);
- industrial assembly and disassembly tools (8.5%);
- pneumatic and hydraulic tools (6.7%);
- cutting equipment (5.3%);
- electrical materials (4.6%);
- welding equipment (4.1%);
- other (3.2%).
At the end of 2023, the group had 3,419 outlets located primarily in the United States/Puerto Rico/Dominican Republic (2,783), Canada (283), Mexico (197), and Europe (89).
Net sales are distributed geographically as follows: the United States (83.6%), Canada and Mexico (13.4%) and other (3%).