Fastenal Co. reported fastener sales fell 2% to $209.2 million (30.2% of overall sales) in October, an improvement over a 3.3% drop in September.

Total October sales grew 7.5% to $692.8 million. Daily sales improved 2.8% to $30.1 million. Sales in the U.S. gained 2.3% to $577.8 million, while sales in Canada and Mexico increased 4.2% to $93.5 million.

By end market, sales to heavy manufacturing customers improved 3.1%, while sales to all other manufacturing customers increased 4.9%. Sales to non-residential construction customers dipped 4.9% during October.

Fastenal’s full time workforce increased 2.4% during the month to 20,902 employees. Distribution / transportation personnel grew 6.1% to 3,192, while manufacturing personnel increased 0.4% to 717 workers.

In the third quarter of 2024, Fastenal’s fastener sales fell 4% to $576.9 million. OEM fastener sales dropped 3.1% to $362.9 million, while MRO fastener sales declined 5.3% to $213.9 million. Web: fastenal.com