Fastenal posts rise in February daily sales; shares up

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