Fastenal’s February Sales Increase 1.5%

Fastenal’s reported daily sales for the month also were up 1.5% versus a year as its sales mix continues to return to normal.
Fastenal February 2022 sales

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported February sales of $437.7 million, up 1.5% from the same month a year ago. The company reported daily sales of $21.9 million, also up 1.5% versus a year ago.

By region, U.S. sales dipped 0.2%, Canada/Mexico sales grew 6.7% and “rest of world” sales grew 30.1%. By end market, manufacturing sales increased 0.6% while non-residential construction sales decreased 14.4%, the company said. Safety sales continued to drive the company’s top line, increasing 17.6% while fasteners declined 2.1% and “other” improved 2.4%.

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