Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported February sales of approximately $530.9 million, a 21.3% increase over the same month in 2021. The company reported daily sales of $26.5 million for the month, an increase over the $21.8 million reported for February 2022. Fastenal’s daily sales growth increased 22% in the U.S., 20.6% in […]
Category: Fastenal
Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22
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Fastenal January Sales Up 20.7%
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported January net sales of approximately $540.5 million, a 20.7% increase over the same month in 2021. The company’s daily sales were $25.7 million during 21 business days, a nearly 15% jump over January 2021. Fastenal’s January 2022 daily sales growth jumped 14.9% in the U.S., 14.6% in […]
Need Good Help! Talent Stress Emerges as Top 2022 Challenge for Distributors
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COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations
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Fastenal Sales Rise 6.4% in 2021
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported year-end 2021 sales of more than $6 billion, a 6.4% increase over 2020. The company also reported 2021 fourth-quarter net sales of more than $1.5 billion, 12.8% more than during the same period in 2020. Fastenal reported a yearly gross profit of $2.77 billion, with net earnings […]
Fastenal November Sales Rise
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported November sales of more than $524 million, an 18.9% increase over figures from November 2020. The company’s daily sales were $24.96 million, a 13.2% jump over last November. Regionally, U.S. sales increased 12.8%, while sales in Canada and Mexico grew 14.1%. By end market, manufacturing sales grew 22.6%, […]
Fastenal October Sales Up
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported October sales of nearly $531.7 million, an 8.9% increase over the same month in 2020. The company’s daily sales were $25.3 million, a 14.1% leap over the same period last year. Regionally, U.S. sales increased 13%, while sales in Canada and Mexico grew 20%. By end market, manufacturing […]
Fastenal’s Sales Rebound in 3Q
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported sales of $1.6 billion for the third quarter, a 10% increase from the same period the previous year. Profit of $243.5 million marked a 9% increase over the same period in 2020. Sales for the first nine months were $4.5 billion, a 4.4% increase over the same period […]
Fastener Distributor Index Dips Again in September Amid Supply Chain Shortages
The seasonally adjusted Fastener Distributor Index (FDI) for September was 54.2, down slightly from 55.4 in August due to continuing supply chain issues, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. Key themes among respondents in the analysis included raw material shortages, long deliveries and staffing issues. […]
Fastenal’s August Sales Increase 14.2%
On Tuesday, Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported August sales of $531 million, up 14.2% from the same month a year ago. The company reported daily sales of $24.1 million, which was a 9% increase versus a year ago. By region, U.S. sales increased 7.2% while Canada/Mexico sales improved by 18.2 % and “rest […]
