It s a solid sign of product and customer mix normalization amid the lasting pandemic.
Jan 20th, 2021
iStock
Fastenal reported its 2020 fourth quarter and full-year results on Wednesday, and perhaps the most optimistic statistic out of all the figures the company shared was in its daily sales of fastener products for the month of December.
After initially showing up in its financial results in February 2020, business impacts from the COVID-19 pandemic topped out in May when safety products surged 136.3 percent from a year earlier, while fastener sales plunged 15.3 percent. Those figures have slowly normalized since, and in December, daily fastener sales had year-over-year growth 0.5 percent for the first time since February.