The 2020 Mid-Year Economic Update_long

Fastenal’s July Sales Up 2.6%

The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).
Fastenal

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported July sales of $469.5 million, up 2.6% over the year-ago period. The company reported daily sales of $21.3 million, up 2.6% versus a year ago.

By region, U.S. sales grew 2.2% in July. By end market, manufacturing sales decreased 5.5% while non-residential construction sales decreased 9.6%, the company said. Safety sales continued to drive the company’s top line, increasing 38% while fasteners declined 7.5% and “other” declined 3.6%.

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