Vending

Fastenal boosts August 2022 sales

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September 8, 2022

Fastenal, a provider of wholesale industrial and construction supplies and industrial vending services, boosted its August 2022 sales over its August 2021 sales, according to a company financial report.

Sales jumped 21.4% from $531.05 million in August 2021 to $644.73 million in August 2022.

Average daily sales rose 16.1% in the comparative months versus 18.1% growth in July 2022 and 9% growth in August 2021, according to a Nasdaq report.

Daily sales on a seasonal basis rose 1.3% compared with the company's historical five-year average of 3.1% growth.

U.S. sales rose 16.5% versus 7.2% a year ago, while Canada/Mexico sales rose 17.5% compared to 18.7% a year ago.

Rest of world sales growth fell from a 9% gain last August to a 1.5% gain this August.

Shares traded at $50.50 today against a 52-week range of $45.66-$64.75.