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%.
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.
