Posted June 6, 2023

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.

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