Fastenal posts rise in February daily sales; shares up

Fastenal

06/03/2025 16:23

** Industrial supplies maker Fastenal's FAST.O shares rise 3.7% to $77.24

** FAST posts 5% yoy increase in Feb organic daily sales, compared with 1.9% rise in Jan

** Manufacturing endmarkets continue to show strength, contributing to the rise in sales

** Feb heavy manufacturing sales grew 4.8% yoy, other manufacturing sales rose 10.4% yoy

** However, non-residential construction endmarket continues to show weakness with a 6.7% fall yoy

** Including session's gains, stock up 7.4% YTD, compared with a 11% rise in 2024

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))