Fastenal Sales Rise 6.4% in 2021 - Modern Distribution Management

Log In

Fastenal Sales Rise 6.4% in 2021

The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
Fastenal 2021 net sales 4Q

Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported year-end 2021 sales of more than $6 billion, a 6.4% increase over 2020.

The company also reported 2021 fourth-quarter net sales of more than $1.5 billion, 12.8% more than during the same period in 2020.

Fastenal reported a yearly gross profit of $2.77 billion, with net earnings of $925 million for the year. Its 2021 4Q gross profit was $712.9 million, with net earnings for the quarter at $231.2 million, 17.9% over the same period in 2020.

The fourth quarter of 2021 continued to experience strong, economically-driven growth in underlying demand for manufacturing and construction equipment and supplies, which drove higher unit sales that contributed to the increase in net sales in the period,” the company said. “This strength was aided by fewer holiday-related customer facility shut-downs than we typically experience. Similar to the third quarter of 2021, our growth in the fourth quarter of 2021 was slightly limited by slower growth or contraction in sales of certain products to certain end markets related to the COVID-19 pandemic when compared to the fourth quarter of 2020.

Related Posts

  • Fastenal November 2021 sales

    Winona, Minnesota-based Fastenal Co. reported last-month sales of more than $524 million, an 18.9% increase…

  • Fastenal 2021 october sales

    Winona, Minnesota-based Fastenal Co. reported October sales of more than $531 million, an 8.9% increase…

  • In the latest earnings reporting p

    US Foods Holding Corp. reported that 2021 third-quarter sales were $7.9 billion, a 34.9% increase…

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.