CSG Snapshot: Fastenal Company
2001 Theurer Blvd.
Winona, MN 55987
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, AB, BC, MB, NB, NS, NT, ON, PE, QC, SK, YT
Chairman: Willard Oberton
President and CEO: Daniel Florness
CFO: Holden Lewis
Fastenal’s Fiscal 2016 (ended 12.31.16) results are in, and the good news is that the company recorded another year of record sales at $3.96 billion. However, leadership wasn’t ready to break out the champagne. That $3.96 billion represented a second straight year in which the rate of growth slowed – to 2.4% versus 3.6% in 2015 and 12.2% in 2014. In addition, the company ended the year with 119 less stores than it had on January 1st, and it cut 7% of its workforce over the course of the year. Back to better news. Fastenal ended 2016 with a relatively strong Q4 and net sales in January 2017 were up 9% year-over-year. Chain Store Guide sees continued revenue growth for 2017 in line with the 2015 and 2016 rates.
If Fastenal is on your call sheet, partner with us. Our Home Center Operators & Hardware Chains PLUS database currently contains a complete-contact-information fill rate of greater than 88% for 27 Fastenal decision makers. In addition, Chain Store Guide provides clients and customers with access to another 14,000+ hardware industry personnel with contact information that’s verified by our in-house call-center team.