Fastenal Company has reported its May 2025 sales figures, showing a positive performance compared to the previous year. The company achieved net sales of $687,347,000, reflecting a 4.3% increase from $658,718,000 in May 2024. The daily sales, calculated by dividing net sales by the number of business days in the U.S., also saw a substantial rise of 9.3%, reaching $32,731 compared to $29,942 in the same period last year. Key product categories contributed to this growth, with sales of fasteners increasing by 8.9%, safety products by 10.4%, and other products by 9.2%. The company's customer and channel growth metrics indicated that 59.0% of the top 100 national accounts showed growth, a slight increase from 58.0% in the previous year. Additionally, 57.8% of in-market locations experienced growth, up from 48.8% last year. Contract customers saw a daily sales growth of 12.0%, while non-contract customers experienced a 4.0% increase. The eBusiness sector's daily sales growth was 14.0%, although this was a decrease from the previous year's 26.0%. Fastenal Managed Inventory $(FMI)$ saw a robust daily sales growth of 15.0%, up from 6.0% in the prior year. Employee headcount at the end of May 2025 was 15,354, a slight increase of 0.9% from May 2024. This growth in personnel supports the company's expanding operations and sales efforts. Overall, Fastenal's performance in May 2025 reflects strong growth across various sectors and customer types.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.