Fastenal posts 10% YOY net sales increase
Fastenal Co. reported May net sales of $6.5 million, a 10% increase over May 2022. Its daily sales grew 9.7% in the manufacturing end market, a drop from 22.4% last May. The non-residential construction market delivered a 9.5% decline last month, versus a 10.7% increase YOY.
In May 2022, the U.S. was the company's daily sales growth leader geographically, compared to just 4% a year later. Canada/Mexico remain this year's top daily sales growth combined region at 14%, slightly lower from 14.7% over May 2022.
By product line, daily sales declined .6% for fasteners, and grew 6.8% for safety and 9% for other lines – sales were lower YOY in all categories.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
