Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported January sales of $448 million, down 3.2% from the same month a year ago. The company reported daily sales of $22.4 million, down 9.1% versus a year ago.
By region, U.S. sales grew 4.4%, Canada/Mexico sales grew 14.8% and “rest of world” sales grew 35.6%. By end market, manufacturing sales increased 4.8% while non-residential construction sales decreased 8.9%, the company said. Safety sales continued to drive the company’s top line, increasing 26.1% while fasteners declined 0.2% and “other” improved 3.9%.