Fastenal Company reported net sales of $692.777 million for October 2024, marking a 7.5% increase year-over-year. The daily sales rate (DSR) grew by 2.8% compared to October 2023.
Geographically, the U.S. saw daily sales growth of 2.3%, while Canada/Mexico increased by 4.2% and the Rest of World by 9.2%. From a product perspective, fastener sales declined by 2.0%, but safety supplies grew by 5.8% and other product lines by 5.1%.
The company's digital initiatives continued to show strength, with eBusiness daily sales growing by 27.0% and Fastenal Managed Inventory (FMI) daily sales increasing by 7.0%. National accounts experienced a daily sales growth of 5.0%, while non-national accounts saw a decline of 1.0%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.