Fastenal's Strong Top-Line Growth Continues
The wide-moat industrial distributor's growth is being driven by improving end market demand and the company's vending and onsite growth efforts.
Brian Bernard, CFA, CPA, is the former sector director, industrials, for Morningstar. Before assuming his current role in 2019, he was an equity analyst covering homebuilding, building products, and industrial distribution industries.
Before joining Morningstar in 2016, Bernard was a mergers and acquisitions analyst for FIS. Previously, he was a research analyst for Heartland Advisors. Bernard also has experience as a corporate financial auditor for Fiserv and a staff auditor for Deloitte & Touche.
Bernard holds a bachelor’s degree in accounting and finance, investment, and banking and a master’s degree in business administration with a specialization in applied security analysis from the University of Wisconsin. He also holds the Chartered Financial Analyst® designation and is a certified public accountant.
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