The 2017 headcount information includes a total of 118 store FTE (125 absolute headcount) for the acquisition of Mansco.
Fastenal is open on Good Friday and this day is included in our business days count. However, sales volume tends to be light on this day. In 2017, the timing of Good Friday shifted to April from March in 2016. As a result, the March 2016 daily sales growth rate benefited by roughly 150 bps while the April 2017 daily sales growth rate experienced a roughly 150 bps drag.
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.
Next monthly sales release date: Tuesday, June 6, 2017 at 6:00 AM (central time)
Next earnings release date: Wednesday, July 12, 2017 at 6:00 AM (central time)
Fastenal Company published this content on 04 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 May 2017 11:39:32 UTC.
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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%).