Global Fastener News

Fastenal’s Fastener Sales Stay Strong

Fastenal’s Fastener Sales Stay Strong
November 06
13:09 2017

Fastenal Co. reported daily sales of fasteners increased 11.5% in October, compared to a 15.5% daily sales growth rate for non-fastener products.

Overall sales during the month rose 19.2% to $399.7 million, with daily sales up 13.8% to $18.2 million.

Fastenal sales in the U.S. increased 13%, while total sales in North America climbed 13.5% during October.

Sales to manufacturing customers improved 15.7%, while sales to non-residential construction customers grew 6%.

During October, Fastenal opened two stores, bringing its store opening total to 17 in 2017.

Likewise, the company’s workforce increased 3.5% to 20,550 in October, including 5.7% growth in distribution personnel and 4.5% growth in manufacturing personnel.

In the third quarter of 2017, Fastenal’s daily fastener sales grew 12.1% to approximately $403 million. Web: Fastenal.com

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