Fastenal’s January Sales Decline 3.2% - Modern Distribution Management

Fastenal’s January Sales Decline 3.2%

Fastenal’s reported daily sales for the month were down 9.1% versus a year due to softness in fastener sales and the non-residential construction end market.

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%.

Related Posts

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.


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.