Fastenal sales decline 10.5% in July
Fastenal reported its July net sales of $6.3 million were down 10.5% from July 2023.
The company's daily sales growth by geography was: 0.1% in the U.S., down from 3.1% YOY; 2.8% in Canada/Mexico, down from 9.7% YOY; and 0.3% for Rest of World, up from minus 4.5% YOY.
Daily sales growth for fasteners was negative 6.3%, and safety products grew 7.5%.
Daily sales growth in the "other manufacturing" market were 4.5%. The market of least decline was heavy manufacturing (1.0%), followed by nonresidential construction (4.6%), "other end markets" (5.4%), and reseller (14.9).
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
