Fastenal rises 3%, reaches $1B sales outside the U.S.
Fastenal's (NASDAQ:FAST)Â international (non-United States) business has grown to include sales, service, and support teams in 25 countries spanning theÂ Americas,Â Europe, andÂ Asia.
In 2022, these teams achieved a milestone with $1B in annual sales.
The $1B international sales milestone caps a decade of consistently strong growth. From 2012 to 2022, companyâs international revenues more than tripled.
The company currently has a market cap of ~$27.6B and stock price has dropped about 18% over a year.
StockÂ rises 2.8%Â after hours.