Fastenal Co. reported fastener sales had daily growth of 10.5% in July.
“This is our first double-digit fastener growth month since April 2012,” the company stated.
Fasteners represent 41% of overall revenue for the company, making its fastener product line revenue worth approximately $132.7 million in July.
Overall Fastenal revenue increased 14.7% to $323.7 million in July, with daily sales gaining 14.7% to $14.7 million.
Sales to manufacturing customers grew 14.5% during the month, while sales to non-residential construction customers rose 11.6%.(…)
via Fastenal Reports First Double-Digit Fastener Growth Since 2012.