Fastenal reports sales and earnings gains
Winona, Minn.-based Fastenal posted fourth-quarter net sales of $757.2 million, up 8.5% from the same three months in the prior year. Earnings for the quarter were up 12.9% to $98.72 million.
“The sales growth was consistent throughout our business,” said Willard D. Oberton, CEO. He added that the pace of growth has slowed somewhat.
For the full year of 2102, the company’s sales increased 13.3% to $3.13 billion. Net earnings for the year were $420.5 million, up 17.5% from the 2011 period.
The company opened 80 new stores in 2012, increasing its footprint to 2,652 locations as of Dec. 31.