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Fastenal posted yet another month of double-digit sales gains in October as its net sales rose by 12% overall and by 17.1% on a daily average basis.
The Minnesota-based fastener and industrial supply distributor said Thursday that it recorded $863.5 million in net sales last month. Sales were up across all geographic regions, end markets and customer segments, including a 22.8% increase in heavy manufacturing, its largest end market.
Sales to the company’s OEM customers rose by 19.1% year-over-year, while MRO sales climbed by 16%.
The monthly numbers followed a third quarter that featured a 15.5% increase in sales.
Fastenal is the no. 4 distributor on ID’s newest Big 50 List.
