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steadybase-$ person Dan Portnitz
nameDan Portnitz
roleCEO
company Fastenal Company FAST
linkedin none on file
contactnot published
filingsnone on file
quotes
You know, last week I was traveling in Europe. It's my first trip outside North America since before the pandemic. You know, there's something about, you know, human beings, even this human being is a social creature. And there's a certain energy you get and a certain rapport you can get and a level of communication and intimacy you can get by meeting people in person. And it was a wonderful trip. I spent some time with our folks at what we call E-Hub, which is our distribution facility up in the Netherlands. And most of our European leadership were there for that discussion. And then I traveled down to northern Italy, primarily Lombardi area of northern Italy, and met with our team there. And, you know, what stands out is the last time I visited this group was in fall 2017. How the group has grown, just each year numbers, but grown in talent and business acumen was really impressive. And despite all the stuff that's going on in Europe over the last three years, actually the globe, but then more specifically Europe in the last 12 months, That business is 80% bigger than what it was in 2019. And that's telling the story in U.S. dollars. If I left it in local currency, it'd be closer to 90.

Oct 13, 2022 / CEO / receipt, needs a key / Dan Portnitz, CEO | earnings call 2022-10-13 | transcript da94a454-20bc-4a26-8955-af1e591991c4 | chars 6763-7970 | segment 7

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