Fastenal October Sales Up - Modern Distribution Management

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Fastenal October Sales Up

Winona, Minnesota-based Fastenal Co. reported October sales of more than $531 million, an 8.9% increase over the same month in 2020.
Fastenal 2021 october sales

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported October sales of nearly $531.7 million, an 8.9% increase over the same month in 2020.

The company’s daily sales were $25.3 million, a 14.1% leap over the same period last year.

Regionally, U.S. sales increased 13%, while sales in Canada and Mexico grew 20%.

By end market, manufacturing sales grew 22.9%, and non-residential construction increased 14.2%.

By category, safety sales grew 2.9%, while fastener sales increased 23.2%.

Fastenal ranks No. 6 on MDM’s Top Distributors list for industrial and construction distributors, with $5.6 billion in 2020 revenue. The company also ranks No. 3 for MRO industrial distributors and No. 4 for fluid power distributors.

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