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.
Fastenal continues to enjoy strong organic revenue growth driven by improving end market demand and the company's vending and onsite growth initiatives. Fastenal's industrial vending and onsite strategy continues to gain traction with customers, supporting the firm's strong growth. At the end of the quarter, 78,706 Fastenal vending machines were installed at customer facilities, up 14% year over year, and the firm had 828 active onsite locations versus 555 onsite locations last year.
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