FAST
AUGUST 2024 INFORMATION WEB RELEASE
Release date: 9/6/24
Fastenal Company and Subsidiaries
(Dollar amounts in thousands)
2024
2023
Change
Net sales
$652,659
668,159
(2.3%)
Daily sales - Net sales divided by the number of
business days in the US.
Business days
22
23
(4.3%)
Daily sales
$29,666
$29,050
2.1%
Impact of currency fluctuations
(0.0%)
(0.2%)
Historical
Daily sales in January
$29,085
28,630
Change in daily sales since January
2.0%
1.5%
7.6%
Daily sales last month
$28,811
28,675
Change in daily sales since last month
3.0%
1.3%
2.7%
Historical figures are an average from 2018, 2019, and 2021 to 2023. 2020 is excluded as COVID- related surge activity makes the period unrepresentative of normal trends.
Current Month
Daily sales growth by geography
% of Sales
United States
1.4%
3.2%
83.7%
Calculated using US days and US dollars.
Canada/Mexico
6.2%
9.0%
13.4%
Rest of World
6.6%
(4.7%)
2.9%
Total Company
2.1%
3.6%
Current Month
Daily sales growth by end market
% of Sales
Heavy Manufacturing
2.3%
8.6%
43.2%
Other Manufacturing
6.6%
1.3%
32.4%
Non-residential Construction
(6.4%)
(6.2%)
8.5%
Reseller
(12.5%)
(7.3%)
5.0%
Other End Markets
4.7%
7.8%
10.9%
Current Month
Daily sales growth by product line
% of Sales
Fasteners
(2.2%)
(3.8%)
30.4%
Safety
5.8%
9.5%
22.2%
Other
3.7%
6.9%
47.4%
Growth metrics by customer/channel type
% of Top 100 national accounts growing
52.0%
63.0%
% of in-market locations growing
49.1%
51.4%
Daily sales growth - national accounts
6.0%
8.0%
Daily sales growth - non-national accounts
(4.0%)
(3.0%)
Daily sales growth - FMI
7.0%
15.0%
Daily sales growth - eBusiness*
24.0%
41.0%
Daily sales growth rates are rounded to whole percentage rates.
FMI - Fastenal Managed Inventory
Employee headcount at month end
Aug-24
Aug-23
Change
Jul-24
Change
Selling personnel - FTE**
15,284
14,970
2.1%
15,196
0.6%
Distribution/Transportation personnel - FTE
3,245
3,064
5.9%
3,057
6.1%
Manufacturing personnel - FTE
717
727
(1.4%)
708
1.3%
Organizational support personnel - FTE**
1,971
1,869
5.5%
1,978
(0.4%)
Total personnel - FTE
21,217
20,630
2.8%
20,939
1.3%
Total personnel - absolute
23,410
22,796
2.7%
23,625
(0.9%)
FTE - Full-time equivalent headcount.
Next monthly sales release date: Friday, October 11, 2024 at 6:00 AM(central time)
Next earnings release date: Friday, October 11, 2024 at 6:00 AM(central time)
Disclaimer
Fastenal Company published this content on 06 September 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on September 06, 2024 at 10:58:04 UTC.