9/4/2015
NEWS BRIEFS
Fastenal Sales Slow in August
Fastenal Co. reported sales in August increased 1.6%% to $332.04 million, with daily sales reaching $15.8 million.
Sales to manufacturing customers edged up 1% during the month, while sales to non-residential construction customers increased 0.1%.
In the first eight months of 2015, Fastenal has opened 12 new stores, compared to 19 during the first eight months of 2014. At the end of August the company’s total store count was 2,620.
During August, Fastenal’s overall workforce increased 4.9% to 19,610, including a 6.2% gain in store personnel to 11,268; a 2.8% increase in distribution personnel to 2,287; and a 0.5% increase in manufacturing personnel to 652..
During the second quarter of 2015, Fastenal fastener revenue – which represents about 40% of the company’s overall business – was flat.
First-quarter fastener sales achieved 5.5% growth.
In early August, Fastenal celebrated a milestone when it installed its 50,000 FAST Solutions industrial vending machine.
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• Grainger Reports “Flat” Sales in August
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