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Fastenal Fastener Sales Top $2 Billion in 2021

Fastenal Fastener Sales Top $2 Billion in 2021
January 19
17:25 2022

Reclaiming a suggestion of its original identity, Fastenal Co. sold $2 billion in fasteners during 2021, 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).

During 2021, Fastenal sales grew 6.4% to $6.01 billion, with operating income up 6.6% to $1.2 billion and net earnings rising 7.7% to $925 million. Web:

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