Fastenal quarterly results slightly over '22
Fastenal reported first quarter net sales of $586 million, which compared to its results of $570 million for the same period in 2022 represents a 2.7% increase.
The company's daily sales growth by end market
Manufacturing was the company's highest end market for daily sales, climbing 13.0%. Non-residential construction declined 8.2%.
The breakdown for its daily sales growth by product line was:
- Fasteners – up 1.2% versus 25.5% in 2022
- Safety – up 10.1% versus 16.7% in 2022
- Other– up 12.1% versus 17.8% in 2022
Canada/Mexico represented the highest daily sales growth by geography at 14.4%, versus 19.7% in 2022, followed by the U.S. at 7.0% compared to 21.1% in 2022.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
