Fastenal net sales drop 1.5% in November
Fastenal reported net sales of $5.9 million for November, a 1.5% drop from November 2023.
U.S. sales dominated their results by geography at 81.3% of November sales, and U.S. sales grew by 2.3%. Canada/Mexico represented 15.2% of November sales and grew 8.7%. Rest of world sales, representing 3.5% of November sales, grew 6.4%.
Heavy manufacturing was 42.6% of November sales by end market and grew 4.1%. Other manufacturing grew 7.1% and represented 32.0% of total sales. Sales declined for non-residential construction and reseller end markets, -1.7% and -15.1% respectively.
Daily sales of safety products grew the most in November at 5.5% and represented 23.2% of total sales by product line. Fasteners were 29.8% of November sales by product line and grew 5.5%.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
