Fastenal’s August 2024 Sales Down 2.3%

Fastenal (Nasdaq: FAST), Winona, Minn., reported August 2024 sales were $652 million, down 2.3% from the prior-year period. Daily sales were up 2.1%.  

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Daily sales by geography in August:  

  • United States: Up 1.4%  
  • Canada/Mexico: Up 6.2%  
  • Rest of World: Up 6.6%  

Daily sales by end-market:  

  • Heavy manufacturing: Up 2.3%  
  • Other manufacturing: Up 6.6%  
  • Nonresidential construction: Down 6.4%  
  • Reseller: Down 12.5%  
  • Other end-markets: Up 4.7%  

Daily sales by product line:  

  • Fasteners: Down 2.2%  
  • Safety: Up 5.8%  
  • Other: Up 3.7%  

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