Fastenal Co. reported fastener sales jumped 28% in February compared to a 2.1% decline in February 2021.

Overall sales grew 21.3% to $530.9 million, while daily sales totaled $26.5 million, up 21.3% from the previous February.

Sales in the U.S. rose 22%, while sales in Canada and Mexico gained 20.6%.

By end market, sales to manufacturing customers gained 25.8%, with sales to non-residential construction customers increasing 19.5% during the month.

Fastenal’s workforce increased 1.9% during the month to 20,961 employees.  Distribution personnel increased 4.3% to 2,784 while manufacturing personnel grew 5.9% to 649 workers.

During 2021 Fastenal sold $2 billion in fasteners, adjusting to a U.S. economy that pivoted from personal protective equipment to more long term projects involving bolts and nuts.

During the final quarter of the year, Fastenal reported fastener daily sales increased 24.2% over Q4 2020 to $513.15 million (33.5% of net sales), reflecting higher manufacturing and construction demand, as well as higher product prices.

Fasteners represented 30.8% of Q4 net sales in 2020 and 33.6% of Q4 net sales in 2019.

During the first three quarters of 2021, fastener sales totaled $519.1 million in Q3 (33.4% of net sales); $503.6 million in Q2 (33.6% of net sales); and $460.5 million in the opening quarter (32.5% of net sales).  Web: Fastenal.com