Fastenal net sales grow 6.7% in August
Fastenal reported net sales of $6.9 million for August, a 6.7% increase over August 2024.
Daily sales growth in the U.S. was 12%, and the country represented 83.8% of sales. Canada/Mexico daily sales growth was 9.6%, and the countries represented 13.2% of sales.
Heavy manufacturing, 43.2% of sales by end market, had daily sales growth of 11.7%, while Other Manufacturing, 32.6% of sales, had daily sales growth of 12.5%. Nonresidential construction, 8.5% of sales, had daily sales growth of 11.5%. Other end markets, 15.7% of sales, had daily sales growth of 10.3%.
Fasteners, repsenting 30.8% of the company's sales, had the largest daily sales growth by product line at 13.3%.
Seventy percent of Fastenal's top 100 national accounts grew in August compared to 52% at the same time last year. Sixty-two and a half percent of in-market locations grew compared to 49.1% in August 2024.
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about American Producers Supply. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
