That’s despite a small monthly downtick in the portion of in-market locations reporting growth, meaning Fastenal got relatively more out of its biggest customers. Get our full breakdown of the January numbers here.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
We dissect all the key figures from Fastenal’s full year, 4Q and December results and provide the context around them.
The construction and contractor supplies distributor expanded considerably under Bertram Capital over the past three-plus years.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
Despite soft residential demand the company reaffirmed its full year outlook.
It’s Ferguson’s 20th venture investment to accelerate innovation for the construction industry.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
Truelink Capital plans to support SouthernCarlson’s next phase of growth through a combination of commercial and operational initiatives and strategic M&A.
It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
The company said end market demand remains sluggish, but enhanced fastener capabilities, key account strategy and new contract signings drove continued strong sales. See our deep dive into the September and 3Q numbers.
GMS reported lower fourth-quarter results amid soft market conditions, with strength in Ceilings and Complementary Products more than offset by declines in Wallboard and Steel.
