Fastenal CEO: Decline in Pandemic-Related Sales a ‘Good Thing’
The distributor’s revenue was flat in 2Q as safety sales dipped, but it beat analysts’ EPS expectations behind solid construction activity and increased digital sales.
Day: July 13, 2021
Fastener Distributor Index Down Slightly in June as Shortages Lead to Constraints
The seasonally adjusted Fastener Distributor Index (FDI) for June was 55.8, down from 61.8 in March due to global supply chain issues.
Fastenal’s Sales Flat in 2Q
"The absence of pandemic-related impacts produced significant shifts" in Fastenal's product mix, meaning fastener sales were up and safety sales were down.
