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Fastenal’s year-end results couldn’t overcome slow manufacturing, industrial activity
The company did add 27,984 new vending devices as well — which includes its FastVend, FastStock and FastBin varieties — during the year, within the goal it had set for 2024. Shares of Fastenal ...
Morningstar25d
Profit Margin Expansion Lies Ahead for Wide-Moat Fastenal Once Stronger Top-Line Growth Returns
Today, it has installed over 125,000 industrial vending machines, up from 47,000 in 2014. Fastenal managed inventory sales account for over 40% of consolidated sales. Its on-site program has also ...