fourth Last of of will the quarter thank February. report early half you, everybody part call. be Thank here joining -- annual for for and you, our in us Ellen, filing first our earnings
the And go few of and Because XXXX. letter, and observations comparison reread weekend, employees I last XXXX to -- will that letters. when not of a in one one do in too that so that And I I writing and is reason drafting annual contained the typically back that so you're was is And report. letter shareholders was for when inclusion to letter a I'm repetitive.
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higher Back XX, three then. XX.X. of we the the it we of first And QX, We a the XXXX, in not out of PMI year in XX.X. the started the shy first I we disclose since started bit ended been was the just at XXXX, PMI year year quarter, sure Index XX.X% months average in back year adjustments a believe as that's XX.X at there's in we were little to the if then, with
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or at marketplace. a us. year And losing that finished that the business great XX. than our of about that these fourth like in that XXX quarter percentage XXXX, our I their the first was Again, XX%. Fast of those barometer customer. at the the customers number with same trends XXX growing. each of started more XXXX, size on If XX% with growing at in underlying of quarter, about we are gaining a given at market usually relationship the we that that's XX%, I with the customers were or in year is window In By look looking change share customers, now the top statistic And, think
earnings. as the on without your about a give general, goal the on for giving QX, our And my second in one yesterday you of growth. at question was I And for reason sales -- XXXX if hey, performance. did can't words, what, asked, less than our I an second I QX the board and leverage said, just the I is quarter? growth meeting, directors B know our our you're what give at that A operating was him, give grade we comments in other thoughts, a If to not looking would giving -- And it looked biggest was the In I'll you our B. income
I So, B. it graded a
PMI December quarter. was from midweek Christmas not if as done the all the December the I we well our -- month, internally tough subdued as leaders fourth index, and as was the XX know team, have years. grew I in our just indicated you for I PMN the However, top January well and externally executed shy the I or this The holiday team blue of been throughout friend. top organization, And believe the XX look on over in Fastenal activity, release, -- the I given at throughout our think in execution a The the reading calls. XXX team -- that XXX. believe as passed our earnings doing means X%. of
I do with And to our holiday there's month. month don't Thursday Friday and was that break a the going second, we one midweek thing current friend rule. in third we that the current about at don't I December. January talk X%, not I'm and lot it January started means really a this know, we to haven't from like December but feel that And and going will recovered point, it's that. don't if like be did. expect think, will I feel
I'm they and hope that. sales genuinely will reasons time to sharing that, expectation tell. will Our is do just but adamantly wrong I at in why juncture this prove team my month, better they see opposed a
bearing on January economy has tailwinds us started are or the to midweek going no and what headwinds in But what created. holiday a ended This created is tell XXXX December will provide with and my general. for Time for or are with February thoughts one. for absolutely
want to observation. that So I make
of the Holden's and in beliefs going my team the we fourth the holiday impact about I've the their on really being timing. quarter. touched that's impressed operating ability. -- executing in Flip comment and talk second We leveraged Despite and over to blue weakness everything costs it December my flipbook. in it's that our by about The on bullet,
to focus continue position expense, in Because a as a for but drivers. still we costs, incredible in to opportunities our not our to means growth the have can We growth. invest we controlling where put continue just us for on
and We believe, we for have model market a relatively small have I share, better truly chain supply our a customers.
our moderation holding it, that about of we price manage quarter, -- violated he But the I and quarter listen inflation through up challenges As talked and won't one what to for for I'd minutiae. has to and tell, everybody expectations his tariffs he profit. stabilized and will cost, last the suspect last call. tariffs have Don't rule the ability in about but get talked gross this observation time that do and again. caught
operates. The cost our incredibly QX, that trucking a an branch, issue a pallet fleet bringing we than have or large to off still truck whether real fourth expected. the delivered a one fell quarter in a sales it that product stop. bit in we of running pallet, three we're fixed and we're than more expected, And a more we fourths And
a issue think profit think and a If and network. the freight caught was pricing expelled a get points. had I also of a that weakened. I to huge. in the up And little our that's So execution energy revenue up I always fourth year there's organization of quarter, deleveraging showed a that gross bit a issue. That's in that quarter. it inflation me. of from little in we minutiae and the our bit in in to freight on anything, and an or Fastenal on basis to X.X% summer happens execution fatigue in That's XX fourth -- months. And were short-term the But -- the a to to tariffs have this fall more the don't attribute pain, It's the add all
we for the Page the to X signed Onsites, of XXX year. flipbook, Holden’s Flipping
stated Our end a this sales. the transferred XX% active group from just to came in with this We with year. X,XXX excluding Sales sites, year is XXX increase last of of was about shy ended and goal that. growth XXX
peer at looking is this So growth.
have the we double-digits. $XX,XXX go branch a looking we above at customer dollars the that all low Onsite, it's $XX, in up if So pulls and was
our did and economy. of some As the see that's sign degradation in more we you mature Onsites, appreciate, a can
Going into excited XXX, XXX really about our business. our to we're goal XXXX, in this remains growth driver
verses were end at X,XXX year. of or converted the end X,XXX closed locations traditional locations, market last We Total branches. XX
XX Onsites in fourth closed also We the quarter.
Now many few that questions your raises eyes. probably in of a
mind Fastenal. about to a couple Here's keep always in things
organizations only pictures. pretty showing Some prefer
prefer only talking organizations about things. Some good
that talk talk today's we about about that today. -- change. the We the address real, We issues things the
them the is what to last suggestions things -- One team every on the I the consider share year with one with of top at live my the years life. five over XX Fastenal has I learned of
and and includes, family in kids, your also friends and that and you to as Things where from I your with coaches but people includes to it includes It was adulthood. also family teachers my extends neighbors. have come the starts a life. you from, blessed kid associate in spouse, with also across. associates I your I was It your up, extends It learned friends grew that
that back customer, resources our how our work, XX into sign branch. customers facility. saying, allocation top of economics maybe and relationship and our the the have closed failure. decide start an of our that on a for business of the for That's why location to we it is people downsized, wisdom. allocating where move five If we reason are has and and next what's sign and decisions. the Number take a today. that That's list great not make for resource Onsite best don't That's we that they business. Share for a customer, Maybe sign our
to be true just back. you decisions decision onsite you a going lost Onsite, mean relationship. holding those right good Exiting means consider to being step back. timeframe. economics that a it's doesn't Onsite the a we an for reasonable customer I you aren't an requirements, don't think It Doesn't take meet don't to come And recover in the provided close doesn't now, mean
we that's decisions think will decision. I day. those a great And make every
signed vending fourth a our devices. -- essentially with devices X,XXX year for with in our goal with XX,XXX essentially the we XX,XXX quarter, in the in line in perspective, From line
devices up from our in XX% a little ended year increase product an Our double-digits. of XX,XXX about installed at those up last base sales through were and
in machine that confusion, vending machines we producing avoiding product XXX,XXX. of sales. celebrated earlier order are the number includes principally the This In XX,XXX year,
another for purposes there in, check out leased customers are that out XX,XXX check that. We to out just clarify to have devices
sales QX our to e-commerce, Finally, grew QX. at XX%
most this the were chain efficient of more our bit a every about year, increase grows, The For our from been XX% making vending our supply national e-commerce, stocks. up is about Because, a way activity we day. account XX% little with from full customers. coming business it's includes think and business we with our our partnership customer as
and Where an the customer the that our deeper of and gives we business. deeper number about the are those really the pieces product Today into keep XX% order future, I two in believe will revenue. and stepping in percentage their as a is more order than become more that our customers non-recurring of a of trench double chain business. in stuff the customers This as window, outside that business of supply stuff. reflection really
turn over going With to it that, Holden. I'm
