Fastenal : Investor Teleconference Presentation First Quarter 2017
April 12, 2017 at 06:56 am EDT
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Investor Teleconference Presentation
First Quarter 2017
Fastenal Company April 12, 2017
Safe Harbor Statement
All statements made herein that are not historical facts (e.g., goals regarding Onsite and vending signings as well as expectations regarding capital expenditures) are "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. More information regarding such risks can be found in the Form 10‐K for Fastenal Company for the year ended December 31, 2016 filed with the Securities & Exchange Commission. Any numerical or other representations in this presentation do not represent guidance by management and should not be construed as such. The appendix to the following presentation includes a discussion of certain non‐ GAAP financial measures. Information required by Regulation G with respect to such non‐GAAP financial measures can be found in the appendix.
CEO Messages on 1Q17
EPS
$0.60
Demand gains drove daily sales growth of 6.2% annually, the fastest since 1Q15.
$0.50
$0.44
$0.46
$0.40
$0.30
$0.20
$0.10
$0.00
Fastener sales returned to growth, and non‐fastener sales grew 9.4% (and double‐digits in March).
Pre‐tax earnings grew 5.5%, the fastest pace since 2Q15.
Signed 5,437 vending units, up 17.0% annually. Sales of product through our machines grew double digits. Our goal remains 22,000 gross signings in 2017.
64.430
Vending Signings and Installed Base
(in Thousands)
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
64,430
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Total National Accounts sales rose 9.2% in 1Q17. Sales to 64 of our Top 100 customers grew in the period.
5,437
Daily Sales of CSP product-including CSP 16 stock put into the stores last year- rose 10.4%.
Vending data excludes units associated with our leased locker program
Fastenal Company published this content on 12 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 April 2017 10:56:12 UTC.
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Fastenal Company is one of the North American leaders in industrial and construction material distribution. Net sales break down by family of products as follows:
- fastening products (32.4%): screws, nuts, bolts, joints, etc.;
- protection equipment (21.2%);
- storage and handling equipment (14%);
- industrial assembly and disassembly tools (8.5%);
- pneumatic and hydraulic tools (6.7%);
- cutting equipment (5.3%);
- electrical materials (4.6%);
- welding equipment (4.1%);
- other (3.2%).
At the end of 2023, the group had 3,419 outlets located primarily in the United States/Puerto Rico/Dominican Republic (2,783), Canada (283), Mexico (197), and Europe (89).
Net sales are distributed geographically as follows: the United States (83.6%), Canada and Mexico (13.4%) and other (3%).
FASTENAL COMPANY 
