Fastenal Co. capped a turnaround year of fastener sales growth with a double-digit performance in the fourth quarter of 2017. But while fastener sales grew, the company’s gross margin on fasteners was hurt by inflation.
Tag "Fastenal"
December 12
17:40
2017
After months of decline, Fastenal Co. fastener sales are achieving double-digit growth in 2017.
December 06
12:32
2017
Overall sales at Fastenal rose 15.4% to $365.5 million in November, with daily sales up 15.4% to $17.4 million.
November 06
13:09
2017
Fastenal sales in the U.S. increased 13%, while total sales in North America climbed 13.5% during October.
October 11
15:30
2017
Double-digit sales growth of its fastener products driven by acquisition of Masco as well as increased industrial demand.
September 07
17:42
2017
The latest figures continue the company’s fastener success that began in February, when Fastenal said fastener sales improved 1.5% - marking the company’s first uptick in fastener sales since the third quarter of 2015.
August 07
21:30
2017
“The second quarter of 2017 felt more like Fastenal,” stated CEO Dan Florness. “We have grown well over the last year, but market headwinds have masked this growth.”
August 07
01:09
2017
Sales to manufacturing customers rose 14.2% in July, while sales to non-residential construction customers increased 6.6%.
April 12
22:44
2017
Quarterly results were improved by a 1.5% gain in fastener sales in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.
March 07
09:09
2017
Founded in 1928, Michigan-based Mansco generated approximately $50 million of revenue in 2016.
March 06
12:43
2017
Fastenal Co. reported fastener sales increased 1.5% in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.
February 06
11:10
2017
Overall January sales increased 9% to $336 million, with daily sales up 3.8% to $16 million.
January 19
00:12
2017
Daily sales growth of the fastener product line peaked at over 10% in the second half of 2014. The rate of growth decelerated in the first quarter of 2015, began contracting in the third quarter of 2015, and continued to contract throughout 2016.
January 12
12:12
2017
Atlas was ranked the top yearly performer among 35 eligible peer suppliers in the “Direct Ship” class.
December 07
11:27
2016
Sales to manufacturing customers gained 1.3%, while sales to non-residential construction customers declined 1%.
August 31
23:55
2016
For Fastenal's fastener product line, the opening months of 2015 started strong before fizzling as the year progressed.
