Fastenal (Nasdaq: FAST), Winona, Minn., distributor of industrial and construction supplies, reported January 2025 sales were $652 million, up 1.9% from the prior-year period. Daily sales were up 1.9%.
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Daily sales by geography in January:
- United States: Up 1.7%
- Canada/Mexico: Up 5.9%
- Rest of World: Down 8.8%
Daily sales by end-market:
- Heavy manufacturing: Up. 1.8%
- Other manufacturing: Up 6.7%
- Nonresidential construction: Down 3.6%
- Reseller: Down 20%
- Other end-markets: Up 4.5%
Daily sales by product line:
- Fasteners: Down 1.7%
- Safety: Up 3.7%
- Other: Up 3.5%
Employee headcount in January was up 1.8% from personnel count in prior-year period. The only business channel that saw a dip in daily sales growth was non-national accounts, down 2%.
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