Spaces:
Runtime error
Runtime error
| FEBRUARY 2023 INFORMATION WEB RELEASE | |
| Release date: 3/6/23 | |
| Fastenal Company and Subsidiaries (Fastenal) | |
| (Dollar amounts in thousands) | |
| 2023 | |
| 2022 | |
| Change | |
| Net sales | |
| $ | |
| 582,079 | |
| 530,938 | |
| 9.6% | |
| Business days | |
| 20 | |
| 20 | |
| 0.0% | |
| Daily sales | |
| $ | |
| 29,104 | |
| 26,547 | |
| 9.6% | |
| Impact of currency fluctuations | |
| (0.6%) | |
| (0.2%) | |
| Impact of weather (est.) | |
| (0.9%) to (1.1%) | |
| 0.0% | |
| Historical* | |
| Daily sales last month | |
| $ | |
| 28,630 | |
| 25,738 | |
| The historical figure represents the average from | |
| Change in daily sales since last month | |
| 1.7% | |
| 3.1% | |
| 1.5% 2017 to 2019, 2021, and 2022. | |
| Daily sales growth by geography | |
| United States | |
| 9.1% | |
| 22.0% | |
| Calculated using US days and US dollars. | |
| Canada/Mexico | |
| 15.8% | |
| 20.6% | |
| Rest of World | |
| 0.1% | |
| 7.9% | |
| Total Company | |
| 9.6% | |
| 21.3% | |
| Daily sales growth by end market | |
| Manufacturing | |
| 15.8% | |
| 25.8% | |
| Non-residential construction | |
| (1.8%) | |
| 19.5% | |
| Daily sales growth by product line | |
| Fasteners | |
| 8.0% | |
| 28.0% | |
| Safety | |
| 3.2% | |
| 18.8% | |
| Other | |
| 13.8% | |
| 17.3% | |
| Growth metrics by customer/channel type | |
| Daily sales growth - national accounts | |
| 14.0% | |
| 26.0% | |
| Daily sales growth - non-national accounts | |
| 4.0% | |
| 16.0% | |
| % of Top 100 national accounts growing | |
| 83.0% | |
| 89.0% | |
| % of public branches growing | |
| 59.5% | |
| 76.9% | |
| Daily sales growth rates are rounded to whole percentage rates. | |
| Employee headcount at month end | |
| Feb-23 | |
| Feb-22 | |
| Change | |
| Jan-23 | |
| Change | |
| In-market locations (branches & Onsites) - FTE | |
| 12,168 | |
| 11,508 | |
| 5.7% | |
| 12,178 | |
| (0.1%) | |
| Non-in-market selling - FTE | |
| 2,490 | |
| 2,175 | |
| 14.5% | |
| 2,482 | |
| 0.3% | |
| Total selling personnel - FTE | |
| 14,658 | |
| 13,683 | |
| 7.1% | |
| 14,660 | |
| 0.0% | |
| Distribution/Transportation personnel - FTE | |
| 3,027 | |
| 2,784 | |
| 8.7% | |
| 2,963 | |
| 2.2% | |
| Manufacturing personnel - FTE | |
| 706 | |
| 649 | |
| 8.8% | |
| 697 | |
| 1.3% | |
| Organizational support personnel - FTE** | |
| 1,822 | |
| 1,605 | |
| 13.5% | |
| 1,808 | |
| 0.8% | |
| Total non-selling personnel - FTE | |
| 5,555 | |
| 5,038 | |
| 10.3% | |
| 5,468 | |
| 1.6% | |
| Total personnel - FTE | |
| 20,213 | |
| 18,721 | |
| 8.0% | |
| 20,128 | |
| 0.4% | |
| Total personnel - absolute | |
| 22,706 | |
| 20,961 | |
| 8.3% | |
| 22,566 | |
| 0.6% | |
| Historical averages exclude the impact of the March 2017 acquisition of Mansco. They also exclude 2020, a year during which many months were significantly impacted by COVID-19 surge activity and so would not be considered representative of normal activity. | |
| Organizational support personnel consists of: (1) Sales & Growth Driver Support personnel (35%-40% of category), which includes sourcing, purchasing, supply chain, product development, etc.; (2) Information Technology personnel (35%-40% of category); (3) Administrative Support personnel (25%-30% of category), which includes human resources, Fastenal School of Business, accounting and finance, senior management, etc. | |
| Definitions in release: | |
| Net sales - Net sales for the period indicated. | |
| Daily sales - Net sales divided by the number of business days in the US. | |
| FTE - Full-time equivalent headcount. | |
| Next monthly sales release date: Thursday, April 13, 2023 at 6:00 AM(central time) | |
| Next earnings release date: Thursday, April 13, 2023 at 6:00 AM(central time) | |
| Attachments | |
| Original Link | |
| Original Document | |
| Permalink | |
| Disclaimer | |
| Fastenal Company published this content on 06 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2023 11:59:04 UTC. | |