by Zacks Equity Research
March 11, 2013 | Comments : 0
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HD FAST LL TVPKFFastenal Company ( FAST – Analyst Report ) recently announced its monthly sales numbers for Feb 2013. The company reported 3.1% year-over-year rise in net sales of $254.9 million for Feb 2013. The company reported 8.2% increase in daily sales to $12.7 million.
As Fastenal serves customers in the manufacturing and non-residential construction markets, the company’s net sales benefited from an 8.2% increase in manufacturing customers and a 4.3% rise in non-residential construction customers. However, foreign exchange dragged daily sales growth by 0.1% during Feb 2013.
Fastenal, which competes with The Home Depot, Inc. ( HD – Analyst Report ) , has been witnessing some progress around its vending program, FAST Solutions, and is fast accelerating its vending contract signings and installations. (…)
