Fastenal Daily Sales up 14.8% vs Year Ago
It's only one company but Fastenal sells products to a wide range of industrial customers and provides a glimpse into production activity. Overall daily sales in May were up 14.8% compared with a year ago. Fasteners, the largest category at 33% of sales in latest 10-Q, fell 15.3% while safety equipment, the second largest at 20% of sales, rose 136.3%.
The stock continues to perform well and reached a new high last week.