Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Onsite, Vending Power Accelerated Growth For Faste...You are the 518413 visitors
Views:1363   |   recommendation:   |   Votes:0   |   Discuss:0
Onsite, Vending Power Accelerated Growth For Fastenal In Q3


Fastenal reported its 2017 third quarter fiscal results on Wednesday, which showed continued strong growth across the board.

The company posted Q3 total sales of $1.13 billion, up 11.8 percent year-over-year (YoY), with daily sales up by 13.6 percent. Omitting the 1.3 percentage point sales increase from the company's March 31 acquisition of Manufacturers Supply Company (Mansco), Fastenal's Q3 organic sales increased 12.3 percent YoY. Q3 total profit of $143.1 million increased 12.7 percent YoY, gross profit increased 11.2 percent and operating profit increased 12.6 percent.

Fastenal's Q2 total and daily sales increased 10.6 percent year-over-year.

"The third quarter of 2017 ended with September daily sales growing 15.3 percent — we have not seen daily sales growth above 15 percent for almost three years (December 2014 - 17.4 percent)," said Fastenal president and CEO Dan Florness. "We are pleased with the trust our customers place in Fastenal, and I am proud of the success realized by each member of the 'Blue Team'. Our growth drivers, combined with a solid economy, are resulting in great growth."

In Q3, fastener products represented 35.6 percent of total sales — down from 36.1 percent in Q2. Daily sales of fastener products grew 12.1 percent YoY in Q3, in which 3.8 percentage points were attributed to the Mansco acquisition. Non-fastener products — representing 64.4 percent of total Q3 sales — grew 14.6 percent on a daily basis.

Fastenal's employee-related expenses increased 12.3 percent in Q3 YoY, reflecting higher bonuses and commissions from increased sales, a modest increase in full-time headcount, increased healthcare costs and the inclusion of Mansco personnel.

Source: Industrial Distribution

2017/10/17 12:13:00

Previous:    Bossard Q3 U.S. Sales Boosted By Acquisition, Tesla Partnership
        Next:    Rebound puts machinery on a roll

Recent Related News
BOSSARD GROUP BUYS 49% STAKE IN 3D-PROTOTYP, EXPANDS INTO 3D PRINTING INDUSTRY--2018-11-13
Caterpillar says tariffs increasing costs, stock tumbles--2018-11-05
YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts--2018-11-02
Bossard Continues Sales Growth in Third Quarter 2018--2018-10-31
Strong manufacturing economy helps Fastenal's earnings--2018-10-31
Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide--2018-10-26
Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners--2018-10-21
PENNENGINEERING WINS $14M JUDGMENT AGAINST PATENT AND TRADEMARK INFRINGER--2018-08-30
WüRTH GROUP CLOSES FIRST HALF OF 2018 WITH SALES OF EUR 6.8 BILLION--2018-08-29
Bossard Sales Grew 13% in 2018 First Half--2018-08-15
July Marked Fastenal's 14th-Straight Month With At Least 12% Daily Sales Growth--2018-08-09
Dongtai Huawei Standard Component Corporation Develop New Products, Target on Mid and High-End Markets--2018-07-13

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•International Fastener Expo, Oct 30-Nov 1, 2018, Las Vegas, USA, Booth# 3761

•Korea Metal Week, Oct 30-Nov 2, 2018, South Korea

•wire India, Nov 27-29, 2018, Mumbai, India



Show Room



Offer Product

Latest News
• International Fastener Expo 2018 Expanded Conference Schedule Produces Top Attendee Experience

• indometal 2018 – continues to gain momentum as the gateway to global technologies for the metal & steel industries

Buyers' Guide
Company News

• China Worldbest Holding: Embracing Dream, Seeking Growth

• Wuxi Anshida Hardware Co.,Ltd: Pursue Perfection with Persistence

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener