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.
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.
HD provided details on GMS’ early returns upon its September acquisition, as well as longer-term results and outlook for SRS alongside broader Pro performance.
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.
Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
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.
In a move to better serve the complex project planning needs of contractors that are typically served by distributors, The Home Depot launches digital project planner.
The company’s August sales report showed that double-digit daily sales growth continued, albeit at a slight deceleration month-to-month. Get a detailed breakdown of the figures here.
With the deal set to close by the end of January, we discuss HD’s newest commentary about why it is buying wallboard distributor GMS for $4.3 billion just 14 months after acquiring SRS Distribution for...
