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Fastenal Q2 sales jump

Net sales for the first 6 months of 2018 have increased more than 13% to $2.45 billion

BY HBSDealer Staff

Fastenal reported second quarter 2018 net sales of $1.27  billion, more than a 13% increase from net sales of $1.12 billion for the same period in 2017.

Net sales for the first 6 months of 2018 also increased more than 13% to $2.45 billion from $2.17 billion for the same 6-month period a year ago.

The Winona, Minn.-based company also reported a second quarter net income of $211.2 million, rising 42% from net earnings of $148.9 million during the corresponding quarter last year.

Net earnings for the first 6 months rose more than 36% to $385.5 million from earnings of $283.1 million during the first half of 2017.

The industrial and construction supplier opened five branches in the second quarter and closed 43 branches. Additionally, one branch was converted from a public branch to a non-public location. At the end of the quarter, Fastenal operated or served more than 3,000 locations.

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Tamko promotes decking exec

BY HBSDealer Staff

Shara Gamble has been promoted to director of decking sales and marketing at Tamko’s corporate headquarters in Joplin, Missouri.

In her new role, Gamble is responsible for decking sales and marketing initiatives for the company’s Envision composite decking product line. Tamko’s Executive VP Tim Whelan, said, “We are excited to have Shara in this role and look forward to the impact her leadership will continue to make on her team and the Envision brand.”

Gamble joined Tamko in 2006 as a human resources administrator. She has since been promoted to human resources manager, director of human resources, operations process and project director and her most recent position, director of decking marketing.

Gamble is a member of Women in Manufacturing and Soroptimist International of Joplin and was recognized as an honoree for the Joplin Regional Business Journal’s “Fifteen Under 40” in 2016.

She holds a bachelor’s degree with a dual major in Accounting and Management from Missouri Southern State University in Joplin and has earned several professional certifications including SHRM-CP and PHR.

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Simpson recognized for diversity

NACD NXT is a multi-year initiative to highlight boardroom practices that promote diversity and inclusion.

BY HBSDealer Staff

Simpson Manufacturing Company Inc. has been named a finalist for the 2018 NXT Awards by the National Association of Corporate Directors (NACD).

NACD NXT is a multi-year initiative to highlight corporate boardroom practices that promote greater diversity and inclusion while helping to develop the next generation of boardroom leadership. The annual awards showcase boards that have embraced diverse perspectives to support sustainable long-term shareholder value.

“We’re proud to have our board of directors recognized for the NXT Award,” said Simpson Manufacturing CEO, Karen Colonias. “The members welcome and support diversity in all aspects of our business to strengthen and support our continued growth.”

Company boards recognized by the NXT Awards include public and private organizations and institutions spanning many sizes and industry sectors. The winners will be announced during the NACD NXT Recognition Gala on September 29 at the NACD Global Board Leaders’ Summit in Washington, D.C.

Based in Pleasanton, Calif., Simpson Manufacturing is the parent company of fastener and connector manufacturer Simpson Strong-Tie.

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