FASTENAL COMPANY Fastenal Company and Subsidiaries (Fastenal) (Dollar amounts in thousands) 2016 | 2015 | Change | Release date: 2/4/16 |
Net sales $ 308,354 | 313,474 | -1.6% | |
Business days 20 | 21 | -4.8% | |
Daily sales $ 15,418 | 14,927 | 3.3% | |
Daily sales growth by age of store and currency impacts 2016 | 2015 | ||
Stores more than 10 years old* 2.5% | 10.7% | ||
Stores more than 5 years old* 1.7% | 10.8% | ||
Stores more than 2 years old* 2.2% | 11.2% | ||
* Age measured on the last day of the respective calendar year. | |||
All locations regardless of age 3.3% | 12.0% | ||
Impact of currency fluctuations (primarily Canada) -1.2% | -0.8% | ||
Impact of acquisitions 0.8% | 0.2% | ||
Daily sales growth by end market 2016 | 2015 | ||
Manufacturing 1.9% | 10.5% | ||
Non-residential construction 1.2% | 9.8% | ||
Daily sales growth by product line 2016 | 2015 | ||
Fasteners -0.4% | 9.4% | ||
Other 6.5% | 14.5% | ||
Number of stores opened 2016 | 2015 | ||
Year-to-date 9 | 0 | ||
Total store count 2,631 | 2,637 |
Total personnel - absolute 20,745 18,615 11.4%
Absolute Headcount Change-12M | Absolute Headcount Change-YTD |
Employee headcount at month end 2016 2015 Change Store personnel - FTE 11,613 10,593 9.6% Non-store selling personnel - FTE 1,554 1,321 17.6% Selling personnel - FTE 13,167 11,914 10.5% Distribution personnel - FTE 2,422 2,213 9.4% Manufacturing personnel - FTE 628 608 3.3% Administrative personnel - FTE 1,045 966 8.2% Non-selling personnel - FTE 4,095 3,787 8.1% Total personnel - FTE 17,262 15,701 9.9% | |
11.9% 17.5% 12.5% 9.3% 4.4% 8.4% 8.5% 11.4% | -54 38 |
-16 | |
7 -3 11 | |
15 | |
-1 |
We added 171 FTE in October 2015 in connection with an acquisition. The majority were in store (125) or in distribution (41).
Consistent with our message on our January 2016 earnings call, we are currently holding back on headcount additions in all areas except for vending support (the non-store selling increase) and our IT development center (the administrative increase).
Our 2015 Annual Report on Form 10-K will be filed with the SEC in the near future. We encourage you to read the document including our 'Letter to Shareholders' to better understand our business and our priorities.
Our trends improved in January 2016 versus the trends of 2015. The 'Top 100' customer group, which we discussed in our fourth quarter earnings call, improved from about 50% of the group with sales growth in the fourth quarter to about 60% with sales growth in January.
Definitions in release:Net sales - Net sales for the period indicated.
Daily sales - Net sales divided by the number of business days in the United States. FTE - Full-time equivalent headcount.
Change 12M - Twelve month change. / Change YTD - Year-to-date change.
Fastenal Company issued this content on 04 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 February 2016 12:19:19 UTC
Original Document: http://investor.fastenal.com/common/download/download.cfm?companyid=FAST&fileid=873282&filekey=48CE25CA-CE54-4148-8DAA-455B06C63069&filename=01.2016_sales_numbers.pdf
