Sales Growth
Quarterly sales grew about 3.5%, with daily sales growth of about 5%, indicating positive performance despite a sluggish market.
Record Customer Expo Attendance
Fastenal witnessed record attendance at their customer expo, with notable participation from the Mexican business unit.
Dividend Increase
Fastenal increased its dividend from $0.43 to $0.44, reflecting confidence in financial stability and growth.
FMI Device Growth
The number of FMI (Fastenal Managed Inventory) devices grew by 12.5%, reaching approximately 130,000 devices in 25 countries.
Digital Footprint Expansion
Digital sales accounted for 61% of total sales, up from 59% the previous year, with a target of 66% to 68% by October.