Fastenal’s November Sales Improve 6.8%

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Fastenal’s November Sales Improve 6.8%

Fastenal’s reported daily sales for the month were also up 6.8% versus a year ago — again based on strength in safety (35.9% growth) and despite a 1.7% dip in fastener sales.
Fastenal 2022 1q sales

Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported November sales of $441 million, up 6.8% from the same month a year ago. The company reported daily sales of $22.1 million, also up 6.8% versus a year ago.

By region, U.S. sales grew 5.4%, Canada/Mexico sales grew 9.7% and “rest of world” sales grew 28.7%. By end market, manufacturing sales increased 1.4% while non-residential construction sales decreased 10.2%, the company said. Safety sales continued to drive the company’s top line, increasing 35.9% while fasteners declined 1.7% and “other” improved 1.7%.

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