and Taylor, to you, call. morning, the everybody, and welcome Thank good QX Fastenal earnings
and X, we Page foot have on I'm of to book, to handful slides right going here. the go a
for that's since months, heavily our in very that deal One, we've industrial you PMI struggles November sub-XX XX the XXXX, a when X seen in big organization. you. has XXXX space, seen so of So for consecutive a operate
know. organization, Fastenal, things Holden is access having -- he and even that one joining forgotten career And there's his many benefits to stuff don't he's part to I has before about of as our
period an most time asked I Recession it's a he happened happen?" in the sub-XX I for at you to been time, a 'XX period." so like Great "Well, often And does And said, "Okay." been look recent it's Xx said, of how so said, and And 'XX, it's that it's extended But could tough tough period that. "Hey, him. frame. And back the I being pretty pretty this XXXX,
we're at the item, find if able And better. pretty come second in because we've chain, But us. stuff and from we some. and and it else, COVID good supply The and helped is get people supplied put fact can't struggle good rebounding up that Inflation were it to anywhere you the second economy numbers. executed helped we XXXX, The some. helped keep you get from
but there -- like we're changes things earlier that was challenged weren't as poised are into well hood And we we'd those to in And a year. couple the under And as I the executing made we some see. some go really XXXX. as we year. well But think leadership that the stuff of
that go we things Despite had our a a sometimes few job that your all did fourth team We way. sales -- you The things X.X%. in expenses. managing the that, nice a daily quarter, really have few grew
things a On have you to X.X% were you. Sometimes, that few EPS $X.XX. and against go our favorable, grew par, we things generally
did we we'd installed job. uneven. our a continued in not of our base to of nice And think increase I kind in FMI development on-site we've to that about like. We've devices, as fast recent continued initiatives, Digital as nice Footprint see If growth really maybe years. our talked locations, of we
over operating what $X.X billion at we did flow and was cash of was cash a it generated, we that of XXXX. a XX% Operating record increase in
chain that XXXX, capital and of bit in were supply because a little touch consumed I'll a our that's second, working ensuring surface, customers. we a reliable the on a because on Now misleading lot for
bullet final the here done the the dividend. in time supplemental on fourth paid December. That's a We per that That $X.XX and late the XXXXs. back like brings share a dividend we page, paid to fifth public since going in we've out out us that
was at of economy won't And need we is this first we world don't in dividend was had this because our knew doing sizable cash a does we business we'd and time The what our fall. out in shareholders. off a owned so as -- of in countercyclical. of we liquidity. free XXXX. December cash XXXX available. lot is We We if for cash. the And that in they needs We by is do throw XXXX. paid it The what know being We looked know have December
there XXXX, and federal rates fight lot tax tax amongst uncertainty a itself government was was United of should in We know The to what XXXX figured having on of be the cash. dividends. rates didn't in of a about going a December sitting go bunch if on up were States. we're
shareholders, our out. nice cash it. much need We'd calmer. pay of things are folks we generate the It's We'll and lot a Let's let future. out it know more today's that and in Washington things in pay D.C., out figure D.C. don't to to the it in Washington,
the I'm sarcasm, for Midwestern. Sorry
and other amount December paid supplemental tremendous COVID. different inventory invested in dividend. is became of into X. cash XXXX one erratic. the change and XXXX, because supply an the of in We world than a we we -- We out incredible had amount, pay cash needed, This XXXX, more we than was a
ports reliable frame through products. You not can't was containers it -- time getting a of and getting count
not We take to X days days to And supply a company. going feel XX days XX we "Sorry, we're inventory, sorry of say inventory. it's that extra we'll We're add or a container, a company. XX an to don't it." get our of if customers, And couldn't chain get
we of a So amount tremendous consumed cash.
we more have sheet, anything Fortunately, to a of 'XX move feel XXXX. have We balance we We things as we And cash into that gunpowder we as have into and need in sent generate for beyond. harvested need we we We to move it XXXX. do become our cash plenty shareholders. it. that we'll conservative really and ample didn't stable, and
of a 'XX. little the impressive bit It's Onsite. Not for Page fourth to the of signings their Flipping into some year signing looking for in our Perhaps, for managers a XXXX, strongest and XXXX. expectations Perhaps, of particularly XX split X. had late that many tougher the are some came quarter not signings year district customers. at number. we the environment maybe in Onsite
the year X,XXX XX.X%. We're with up We finished locations.
That do on at bullet believe, is -- I we than we're think issues next but had good XXX say speaks of it, energy to older and signed XXX speaks XX behind focused the just Technology. of year to back pretty the day execution had span tough that signing. the the we year. that Onsites a that's is anticipate prior If per with FMI. else. We below still We MEUs, think the We I some of over index We it. the team days, year. job signings And our I anything page.
FMI XXX where nice look by did think mentioned the to XX,XXX Our a PMI divide we more, a that. on you poised really to we And year.
XXX a doing to at of we that and number had years we signing a talked ago way time, that was team gotten essentially came support for kind away the from and but in say number was the the I'm of XX infrastructure head. day, our were was One thing the about And in has per it year. that long at day pleased there, we've devices building to our a what
is next for is intention the team XX,XXX XX,XXX. year number. Our big It's to to to up a it. I believe sign
grow obviously not e-Commerce A -- to continues of lot well. that, growing we're XX%.
we're to engage that. lot customers is that unique changing So and us, not how a of they are with
was believe a XX% percentage X% back many now. is business years I too If as ago, so I And of e-Commerce sales. our not of sales go of about it
grow. So it to continues
then Footprint. electronically It where That's we might with be And our FMI. Digital our customer. we deploy finally, engage
a XXXX, top vending our removed was of engage year year coning. XX%. be, a we XX%. might a but in year double it that, then of added of and of bin the we this the type ended January technology was later, whatever was A it it now it XX% A year scanned neighborhood. was And XX% So XX%, bin, embedded, sales. mobility that on XX%. e-Commerce we at later, device, with customer, And A with later,
in-market to an Flipping Back were it you're started is the This X.X% locations. last in in-market number a a Back X,XXX X% going our of in call time ago. Page ago. chart. this we X. Onsite. year up from what we were It's we about to have We locations years -- about XXXX, so of where see
we're facility. be Now customer's inside physically an the might Onsite
the facility have room customer the there, from put stuff our be are is in that back a in operating branch ramps the backfill the business we We a the we the back ability -- in our to customer, street enough grow. to because And and us branch. and a we backroom in customer. in engage only it's of it everything there. of discrete operating doesn't customer might But down where facility the put a to dedicated We some with that's for up that's
said, we rent as town. the at twice we the in building couldn't have a then some first that customer we not 'XXs. And just in happened this had And look "I to being and moved or frankly, back was, As once in. the really something one room," find
necessity. was it out So borne more of
really that could us to network. branch grow, as it this revisit business a was we our realized prompted model us But help
we our a X,XXX-or-so in Canadian XX-minute States, XXXX. in with included estimated XX% out United peaked or U.S. and branches, stores that manufacturing time, we so the within point our drive were and the that network. we in And of At base of
And about customers X,XXX. that at look number are But going of if we is outside back business be matter. X,XXX branch bit, that that settled about XX% a to would access some the an would said, to be minutes XX-minute if X time, what know in like? of customers, and the Onsite we we At fact branch looked X away is pulled And because to locations, Onsite drops XX.X%. we they're manufacturing the it base to over on doesn't it our a window a that that and there's that
So we saw the as this density. right
year in use is grower systems some of the organic about all system. our I'll -- are And an beauty X of always one -- being I'm
amount You I of look the information. back go It's in if have access sales. a revenues. Wisconsin company. And million Iowa, just about XX% Minnesota, in and XXXX, X we $XXX states oldest did tremendous to at in did under I our of And to our Illinois,
can XX X Onsite. states, appreciate, those And it's about XXX -- revenue the about profitable a -- that you X.X% average states. those points. above locations CAGR basis year. XX% We business X Onsites. company few had nicely we of We branch In It's was a had in And next our was grew by business. decade, a the as our hundred
we've XXXX, bunch since we've bunch closed locations, a of -- but closed we Onsites. XXXX, opened of Since a
gone down about In we XXX at from XXX branches. XX% we've from we have we're fact, peaked Currently, so peak. -- XXX, out our
-- a it CAGR of Onsite we more than Our -- XXX, of the In Onsites that CAGR branches. last have not so over X.X%, count a says has since have has XXXX, X.X%. is we area
So profitable part business it the we took Fastenal faster. old, mature, an and of grew
It's Today, about and run Onsite. of $X.X an through XX% about sales, XX% business. it's our sales about billion our a of
rationalization why lane the for we're our I'd to on memory and down expand potential the there, thought branch of I Sorry but network the and the Onsite insight to ability us a grow. give excited about taking little
With over it to turn that, I'll Holden.
