Fastenal Sales Up 10.6% in 2Q - Modern Distribution Management

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Fastenal Sales Up 10.6% in 2Q

June sales increase 13 percent.

Fastenal Co. (Nasdaq: FAST), Winona, MN, reported sales for the second quarter of $1.1 billion, a 10.6 percent increase over the same period in 2016. Profit increased 13.2 percent to $148.9 million.

Sales for the first six-month period increased 8.4 percent to $2.2 billion. Year-to-date profit increased 9.8 percent to $283.1 million.

The company reported sales for June of $394.3 million, a 13 percent increase year-over-year. Daily sales also increased 13 percent to an average of $17.9 million.

During the month, sales to manufacturing customers improved 13 percent, while sales to nonresidential construction customers increased 7.1 percent.

Store count was 2,451, compared to 2,605 a year ago. Employee headcount decreased 0.7 percent year-over-year to 20,174.

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