Fastenal Co. reported fastener sales increased 10.1% in January, compared to a 13.7% sales gain of non-fastener products.
Overall sales at Fastenal rose 17.4% to $394.4 million in January, with daily sales up 12% to $17.93 million.
Sales in the U.S. increased 10.5%, while total North American sales improved 11.6%.
Sales to manufacturing customers gained 13.3% during the month. Sales to non-residential construction customers rose 7.9%.
The company’s workforce grew 6% during November to 20,814 employees. Distribution personnel increased 9.3% to 2,613, while manufacturing personnel increased 6.7% to 617.
In 2017, fastener sales at Fastenal topped $1.56 billion (35.6% of overall sales), up 7.5% from $1.45 billion (36.6% of overall sales) in fastener sales during 2016. Web: Fastenal.com
Share: