Fastenal Co., US3119001044

Fastenal stock: October demand broadens across industrial markets

Published on 11/09/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fastenal stock followed a stronger October demand update across manufacturing and construction. Growth also accelerated in several industrial customer segments.

Fastenal demand broadens across markets

October sales reached 863.5 million US dollars, while average daily sales growth accelerated to 17.1 percent year over year.
Heavy manufacturing and non-residential construction posted strong gains, pointing to broader industrial demand.
Fastenal ended October with 24,792 employees as contract and non-contract customer growth strengthened.

Fastenal Co., US3119001044, Illustration mit AI erstellt.

Fastenal reported stronger October demand across its industrial customer base on Thursday, November 5. The monthly update showed that manufacturing and construction continued to support growth after a slower September.

According to the National Association of Wholesaler-Distributors, October sales totaled 863.5 million US dollars, up 12.0 percent from a year earlier and 4.6 percent from September. Average daily sales rose 17.1 percent year over year, marking the 16th consecutive month of double-digit growth and the strongest increase since July 2022.

Industrial demand broadens in October

The detailed market split points to firm demand in Fastenal's main end markets. Daily sales in heavy manufacturing rose 22.8 percent, while non-residential construction increased 18.3 percent. Other manufacturing advanced 14.8 percent, although other end markets grew more slowly at 7.4 percent.

Growth was also broad across customer types. Contract customer growth accelerated to 20 percent from 18 percent in September, while non-contract growth doubled to 10 percent from 5 percent. Fastenal's top 100 national accounts and in-market locations maintained broad participation in the expansion.

Workforce expands with sales

Fastenal ended October with 24,792 employees, up 1.0 percent from a year earlier and 0.5 percent from September. Selling full-time equivalents increased 0.7 percent sequentially, remaining broadly stable year over year.

Fastenal stock traded at 48.36 euros on Lang & Schwarz at 16:31 CET on Monday, November 9, 2026.