Unit Sales Drive Fastenal Growth

Fastenal Company had net sales of $1,417 million for the first quarter of 2021, an increase of 3.7 per cent over net sales of $1,367 million in the first quarter of 2020. This growth was largely due to higher unit sales, most notably of fastener, safety, and janitorial products. Daily sales of fastener products grew four per cent year-over-year, and represented 32.5 per cent of net sales in the quarter; fasteners represented 32.9 per cent of net sales in the first quarter of 2020. Daily sales of safety products grew 14.7 per cent and represented 21.5 per cent of net sales; safety products represented 19.8 per cent of net sales in the first quarter of 2020.