8/15/2016
HEADLINES
Fastenal Fastener Sales Continue Decline
Fastenal Co. reported fastener sales fell 2.6% in July, though the decline was more modest than the 3.1% decline in fastener sales in July of the previous year.
During the first half of 2016, Fastenal’s fastener sales dropped 2%.
Overall sales declined 7.2% to $309.9 million in July, despite daily sales edging up 2.1% to $15.5 million.
Sales to manufacturing customers increased 1%, while sales to non-residential construction customers dropped 0.7%.
Employee headcount increased 3% to 20,214, which included a 6.9% gain in distribution personnel to 2,494 and an 8.8% reduction in Fastenal’s manufacturing workforce to 599.
In July Fastenal opened two new stores, bringing its total store count to 2,607.
Related Stories:
• August Fastener Sales Down at Fastenal
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