Fastenal : August 2024 Sales Information

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.