Fastenal April Sales Increase 14.8% - Modern Distribution Management

Fastenal April Sales Increase 14.8%

For the month, the distributor reported net sales of $570.76 million, up from more than $497 million in April 2021.
Fastenal April 2022 sales

Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota reported April net sales of $570.76 million, a 14.8% increase over the same month a year ago.

Daily sales for April 2022 were more than $27 million, a 20.3% jump over April of last year.

READ MORE: Q&A: Here’s How Fastenal is Built to Handle Disruption

Daily sales growth in the U.S. last month was 21.1%, while daily sales growth in Canada and Mexico were 19.7%, Fastenal said.

Daily manufacturing sales grew by 25.7%, down from 30.8% in April 2021. Daily nonresidential construction sales grew at 13.4% last month, besting the April 2021 figure of 11.9%.

For daily sales growth by product line, fasteners grew 25.5% and safety grew 13.4%.

NEW MDM PODCAST: From its Expo, We Go Inside Fastenal with Dan Florness

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