Vending

Fastenal sales jump in May

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June 14, 2022

Fastenal Co., a provider in the wholesale distribution of industrial and construction supplies and industrial vending services, reported a strong sales month in May, according to a press release.

Sales jumped 23.5% from $477.2 million in May 2021 to $589.2 million in May 2022. Daily sales jumped 17.6% from $23.8 million to $28.05 million in the comparative months.

Daily sales improved the most in the U.S., jumping 19.1% in May of 2022 compared to a 6.1% decline in May 2021. The gain was 14.7% in Canada and Mexico compared to a 32% May gain in 2021. The "rest of the world" experienced a 5.8% decline in May, marking an improvement over May 2021's 23.1% drop.

Shares traded at $50.63 Monday against a 52-week range of $48.84-$64.75.