Posted September 8, 2023

Fastenal reports 3.6% sales increase

Fastenal reported its August net sales were just over $668 million, a 3.6% increase. Daily new sales for the 23-day period were also 3.6% higher year over year.

Canada/Mexico remails the company's highest region for daily sales growth at 9%, followed by the U.S. growing at 3.2% from last August, and daily sales for the rest of world category dipped 4.7%.

Heavy manufacturing daily sales grew 8.6%; other manufacturing grew 1.3%; non-residential fell 6.2%, as did reseller by 7.3%; other end markets rose 7.8%.

Daily sales growth by product line was led by Safety (9.5%), followed by the other category (6.9%); fasteners dropped 3.8%.