Daily sales growth rates are rounded to whole percentage rates.
Employee headcount at month end
Dec-22
Dec-21
Change
Nov-22
Change
In-market locations (branches & Onsites) - FTE
12,017
11,337
6.0%
12,079
(0.5%)
Non-in-market selling - FTE
2,459
2,076
18.4%
2,408
2.1%
Total selling personnel - FTE
14,476
13,413
7.9%
14,487
(0.1%)
Distribution/Transportation personnel - FTE
2,971
2,740
8.4%
2,935
1.2%
Manufacturing personnel - FTE
696
619
12.4%
687
1.3%
Organizational support personnel - FTE**
1,711
1,562
***
9.5%
1,697
0.8%
Total non-selling personnel - FTE
5,378
4,921
9.3%
5,319
1.1%
Total personnel - FTE
19,854
18,334
8.3%
19,806
0.2%
Total personnel - absolute
22,386
20,507
9.2%
22,378
0.0%
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.
Due to a calculation error, organizational support personnel was overstated by 36 FTE in our December 2021 sales release, with total non-selling FTE and total FTE being overstated by the same amount. These figures have been adjusted in this release.
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: Monday, February 6, 2023 at 6:00 AM(central time)
Next earnings release date: Thursday, April 13, 2023 at 6:00 AM(central time)
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Fastenal Company published this content on 19 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2023 12:00:04 UTC.
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%).