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Fastenal : July 2017 Sales Information
August 04, 2017 at 07:00 am
JULY 2017 INFORMATION WEB RELEASE
Fastenal Company and Subsidiaries (Fastenal) (Dollar amounts in thousands)
2017
2016
Change
Release date: 8/4/17
Net sales
$ 349,966
309,950
12.9%
Business days
20
20
0.0%
Daily sales
$ 17,498
15,498
12.9%
Impact of acquisitions
1.4%
0.6%
Impact of currency fluctuations
0.2%
-0.3%
Historical
2017
2016
5-Year Average1
1 The 'Historical 5-year Average' includes the years 2012 to 2016.
Daily sales in January
$ 16,002
15,418
2 Inclusion of Manufacturers Supply
Change in daily sales since January
9.3% 2
0.5%
4.4%
Company ('Mansco'), which we acquired
Daily sales last month
$ 17,923
15,866
in March 2017, added 1.4pps to the
Change in daily sales since last month
-2.4%
-2.3%
-3.7%
change in daily sales since January.
Daily sales growth by geography
2017
2016
United States
11.8%
0.7%
Total North America
12.8%
1.9%
Total Company
12.9%
2.1%
Daily sales growth by end market 3
2017
2016 *
3 The 2017 amounts exclude the impact
Manufacturing
14.2%
1.5%
of the acquisition of Mansco.
Non-residential construction
6.6%
-0.2%
Daily sales growth by product line
2017
2016
4 Inclusion of Mansco, which we acquired
Fasteners 4
11.3%
-2.6%
in March 2017, added 3.9pps to the
Other
14.1%
5.0%
daily sales growth of fasteners.
Number of public branches opened
2017
2016
Quarter-to-date
2
2
Year-to-date
12
29
Number of branch locations
2,453
2,607
Total personnel - absolute 20,230 20,214 0.1%
Absolute Headcount Change-12M
Absolute Headcount Change-YTD
Employee headcount at month end 2017 ** 2016 Change
Branch and Onsite personnel - FTE 11,805 11,602 1.7%
Non-branch selling personnel - FTE 1,623 1,594 1.8%
Total selling personnel - FTE 13,428 13,196 1.8%
Distribution personnel - FTE 2,544 2,494 2.0%
Manufacturing personnel - FTE 603 599 0.7%
Administrative personnel - FTE 1,097 1,096 0.1%
Total non-selling personnel - FTE 4,244 4,189 1.3%
Total personnel - FTE 17,672 17,385 1.7%
0.0%
0.9%
0.1%
0.9%
0.6%
-2.3%
0.1%
0.1%
411
78
489
29
34
54
117
606
Comments:
* In July 2017, we reclassified certain end market designations. This resulted in modest changes to the July 2016 end market rates of change.
** The July 2017 headcount includes 119 branch and Onsite FTE (126 absolute headcount) in connection with the acquisition of Mansco.
Definitions in release:
Net sales - Net sales for the period indicated.
Daily sales - Net sales divided by the number of business days in the United States. FTE - Full-time equivalent headcount.
Change 12M - Twelve month change. / Change YTD - Year-to-date change.
Next monthly sales release date: Thursday, September 7, 2017 at 6:00 AM (central time)
Next earnings release date: Wednesday, October 11, 2017 at 6:00 AM (central time)
Fastenal Company published this content on 04 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 August 2017 10:59:11 UTC .
Original document http://investor.fastenal.com/common/download/download.cfm?companyid=FAST&fileid=952578&filekey=ADB5D4DB-85F8-4B60-A172-ABE35DD1F909&filename=07.2017_sales_numbers.pdf
Public permalink http://www.publicnow.com/view/71096E353D0028E4A5CAFA4D796A4E9FF7FA0370
Transcript : Fastenal Company - Shareholder/Analyst Call
04-25
HSBC Adjusts Price Target on Fastenal to $64 From $59
04-15
MT
Loop Capital Trims Price Target on Fastenal Company to $66 From $71, Hold Rating Kept
04-15
MT
JPMorgan Adjusts Fastenal's Price Target to $66 From $60, Neutral Rating Kept
04-12
MT
Baird Adjusts Fastenal Price Target to $71 From $77, Maintains Neutral Rating
04-12
MT
Wolfe Lowers Price Target on Fastenal to $62 From $65
04-12
MT
Stephens Raises Fastenal's Price Target to $69 From $63, Retains Equalweight Rating
04-11
MT
Fastenal's Fiscal First-Quarter Results Miss Expectations as Weak Industrial Production Weighs on Fastener Sales
04-11
MT
Transcript : Fastenal Company, Q1 2024 Earnings Call, Apr 11, 2024
04-11
Will there be any Fed rate cuts this year?
04-11
Nasdaq set for higher open as fresh inflation data allays rate jitters
04-11
RE
Fastenal misses quarterly estimates on lower fasteners demand
04-11
RE
Tranche Update on Fastenal Company's Equity Buyback Plan announced on July 11, 2017.
04-11
CI
Fastenal's Q1 Net Income Unchanged, Net Sales Rise
04-11
MT
Stocks Trend Lower Pre-Bell as Wall Street Awaits PPI, Earnings; Asia, Europe Mostly Down
04-11
MT
Pending Price Report, Bond Yields Mute Wall Street Pre-Bell; Asia, Europe Down
04-11
MT
Earnings Flash (FAST) FASTENAL COMPANY Reports Q1 Revenue $1.9B, vs. Street Est of $1.91B
04-11
MT
Earnings Flash (FAST) FASTENAL COMPANY Reports Q1 EPS $0.52, vs. Street Est of $0.53
04-11
MT
Fastenal Company Reports Earnings Results for the First Quarter Ended March 31, 2024
04-11
CI
North American Morning Briefing : Stock Futures Edge Lower Ahead of PPI Inflation Gauge
04-11
DJ
ANALYST RECOMMENDATIONS : Chipotle, Micron, Mastercard, Snowflake, Airbnb...
04-11
Fastenal Keeps Dividend at $0.39 a Share, Payable May 23 to Shareholders of Record April 25
04-10
MT
Fastenal Company Declares Dividend, Payable May 23, 2024
04-10
CI
Fastenal Insider Sold Shares Worth $832,453, According to a Recent SEC Filing
03-19
MT
Stifel Raises Fastenal Price Target to $85 From $75, Maintains Buy Rating
03-18
MT
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
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%).
More about the company
Last Close Price
68.09
USD
Average target price
66.88
USD
Spread / Average Target
-1.78%
Consensus
+951% of historical performance
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