The 2020 Mid-Year Economic Update_long

Fastenal’s August Sales Down 2.2%

Despite the dip in overall sales for Fastenal, the company reported daily sales were up 2.5% versus a year ago based on strength in safety (35.1% growth).
Fastenal August sales

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported August sales of $465.2 million, down 2.2% over the year-ago period. The company reported daily sales of $22.2 million, up 2.5% versus a year ago.

By region, U.S. sales grew 1.9% in August. By end market, manufacturing sales decreased 5% while non-residential construction sales decreased 13.5%, the company said. Safety sales continued to drive the company’s top line, increasing 35.1% while fasteners declined 7.3% and “other” declined 1.9%.

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