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Economic Trends

Fastenal, Motion Voice Different Tones for 2023 Market Outlook

Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.

October 24, 2022

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We’ve heard about a looming industrial economy slowdown for most of 2022. I can point back to this past April as the first time I began hearing and seeing reports about a pending economic recession that was projected to start taking hold as early as this year’s third quarter. That hasn’t happened. At least, not at scale.  Evidenced by the first group of publicly-traded industrial distributors and suppliers to report their latest quarterly earnings, the July-September period was another robust quarter for companies that distribute or produce products in the industrial, commercial and…

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