Fastenal January Sales Up 20.7% - Modern Distribution Management

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Fastenal January Sales Up 20.7%

The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
Fastenal june 2022 earnings

Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported January net sales of approximately $540.5 million, a 20.7% increase over the same month in 2021.

The company’s daily sales were $25.7 million during 21 business days, a nearly 15% jump over January 2021.

Fastenal’s January 2022 daily sales growth jumped 14.9% in the U.S., 14.6% in Canada and Mexico, and 15.8% in the rest of the world.

For daily sales growth by end market, manufacturing grew 20.8% and nonresidential construction grew 12.9%.

For daily sales by product line, fasteners increased 20.9% and safety increased 12.9%.

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