AUGUST 2022 INFORMATION WEB RELEASE

Release date: 9/7/22

Fastenal Company and Subsidiaries (Fastenal)

(Dollar amounts in thousands)

2022

2021

Change

Net sales

$

644,727

531,053

21.4%

Business days

23

22

Daily sales

$

28,032

24,139

16.1%

Impact of currency fluctuations

(0.5%)

0.4%

Historical*

Daily sales in January

$

25,738

22,398

Historical figures represent the averages from 2016

Change in daily sales since January

8.9%

7.8%

8.2% to 2019 and 2021.

Daily sales last month

$

27,664

23,415

Change in daily sales since last month

1.3%

3.1%

3.1%

Daily sales growth by geography

United States

16.5%

7.2%

Calculated using US days and US dollars.

Canada/Mexico

17.5%

18.7%

Rest of World

1.5%

24.2%

Total Company

16.1%

9.0%

Daily sales growth by end market

Manufacturing

23.5%

19.7%

Non-residential construction

5.8%

10.1%

Daily sales growth by product line

Fasteners

19.8%

18.9%

Safety

11.7%

(3.8%)

Other

14.5%

8.5%

Growth metrics by customer/channel type

Daily sales growth - national accounts

20.0%

17.0%

Daily sales growth - non-national accounts

10.0%

(1.0%)

% of Top 100 national accounts growing

81.0%

77.0%

% of public branches growing

70.4%

65.7%

Daily sales growth rates are rounded to whole percentage rates.

Employee headcount at month end

Aug-22

Aug-21

Change

Jul-22

Change

In-market locations (branches & Onsites) - FTE

12,088

11,295

7.0%

12,067

0.2%

Non-in-market selling - FTE

2,348

2,043

14.9%

2,324

1.0%

Total selling personnel - FTE

14,436

13,338

8.2%

14,391

0.3%

Distribution/Transportation personnel - FTE

2,955

2,720

8.6%

2,867

3.1%

Manufacturing personnel - FTE

667

626

6.5%

674

(1.0%)

Organizational support personnel - FTE**

1,683

1,540

9.3%

1,659

1.4%

Total non-selling personnel - FTE

5,305

4,886

8.6%

5,200

2.0%

Total personnel - FTE

19,741

18,224

8.3%

19,591

0.8%

Total personnel - absolute

21,862

20,229

8.1%

21,803

0.3%

  • 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 (30%-35% 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, October 13, 2022 at 6:00 AM(central time)

Next earnings release date: Thursday, October 13, 2022 at 6:00 AM(central time)

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Fastenal Company published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 10:59:04 UTC.