Fastenal Company (NASDAQ:FAST) Q4 2023 Earnings Call Transcript

Dan Florness: Most of our revenue, we don’t even know where our location is.

Holden Lewis: Exactly.

Dan Florness: I don’t know if there’s any other questions in queue. We’re at 3 minutes to the hour, so I think I’ll call it there. If anybody got cut off — if anybody was cut off, I apologize for that. I just want to close this one thought. I just got back twp days ago from a week — eight day trip. I was over in Shanghai and Ningbo, China. And there’s a lot of nascent level, global level wrangling that occurs in society, and I guess that’s just the nature of life. I have to say, I was over there. We celebrated 20 years of Fasco, our trading company and 20 years of our sales organization over there. The people I met were incredible. I’ve spent a lot of time with our team right in Shanghai. I spent good time with our Fasco team, a handful of district managers, our RVP over there, our Senior VP that covers the European and Asian business and went down and visited a branch in south — down by Suzhou, and I hope I pronounced that correctly.

And great people and really impressed with what I saw and the dedication they have to what we’re about, what our customers are about. And when I think of the — our branch manager I met down in Suzhou, what an outstanding young man and the team he had really impressive people. And I’m always amazed their grasp with the English language. It’s probably better than my grasp of the English language. With that, thanks for your time today and everybody have a great rest of day. Thank you.

Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time, and have a wonderful day. We thank you for your participation today.