The distributor also announced a new leader for its Industrial Parts and Engineered Repair Services segments.
It adds 18 locations and 220 employees to Border States as its first acquisition in 18 months.
July’s PPI increased at a faster pace in July vs. June, with core CPI posting its biggest one-month increase since February.
Net sales for the quarter were down 3% from 2022, while net income attributable to Masonite dropped 18%.
The new headquarters offers a wellness center, kitchen, coffee and luncheon area, and a game room — complete with a golf simulator.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, also declined during the month.
Consumer prices increased at a slightly higher pace than in June, while core inflation ticked downward.
The company reported that fiscal 4Q net sales were $1.2 Billion, up 9.1% YoY and up 8.6% on an organic basis.
Fastenal has invested more than $300,000 in equipment and infrastructure to bale and consolidate used PE film for recycling by Trex.
Sales during the quarter were $428.0 million, a healthy increase over the $367.8 million reported during 2Q 2023.
Net sales in 2Q 2023 decreased 3.6% to $380.0 million, compared to $394.1 million in the prior-year quarter.
The company announced its 2Q earnings one day after saying it would be acquired by Clayton, Dubilier & Rice for $2.3B.
