Content about Fastenal Co.

October 2, 2014

Fastenal Company has acquired certain assets of Av-Tech Industries, a wholesale distributor of aerospace fasteners, electronic components and aircraft parts.

"We feel there is a strong opportunity for our company to continue to grow within the aerospace market," said Fastenal president Lee Hein. "Av-Tech Industries will be a great asset in that mission and a great fit for the Fastenal team, sharing the same core values, commitment to quality, and culture of customer service."

July 11, 2014

Winona, Minnesota-based Fastenal Company reported steady progress for the second quarter of 2014, with sales and earnings both positive.

Net sales for the three-month period ended June 30, 2014 were $949.9 million, up 12.1% from the same period in 2013.

Net earnings came in at $130.5 million, an increase of 7.9% from last year's $121.0 million in earnings.

The company largely attributed the boost to higher unit sales and its recent investment in leadership and training, as well as in distribution and internal manufacturing capabilities.

April 11, 2014

Winona, Minn.-based Fastenal Co. reported net sales of $876.5 million in the first quarter ended March 31, an increase of 8.7% over the same period last year. 

Net earnings increased 2.6% to $111.9 million. 

December 26, 2013

Winona, Minn.-based Fastenal Co. said it expects to miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share.

The company listed three reasons for the miss. First is weakness in the heavy manufacturing component of the business. This weakness first appeared in late 2012, and intensified in recent months, the company said.

July 10, 2013

Winona, Minn.-based Fastenal Co. reported second-quarter sales of $847.6 million, up 5.3% from the same quarter last year. The company's net earnings increased 7.7% in the quarter to $121.0 million.

Fastenal had 2,677 stores as of June 30 and at the same time operated 29,549 FAST Solutions industrial vending machines. During the first six months, Fastenal opened 33 new stores.

January 18, 2012

Specialty tools and fastener supplier Fastenal Co. reported fourth-quarter sales of $697.8 million, up 21.6% from $573.8 million in the same quarter last year. 

For the full year ended Dec. 31, net sales increased to $2.767 billion, up 21.9%.

"During 2010 and 2011, sales were strong -- our business has closely followed the trend line since the fall of 2009," the company stated, adding that February was negatively impacted by weather in each of the past two years.

October 13, 2011

Winona, Minn.-based Fastenal Co. reported sales and earnings gains both in excess of 20% in the third quarter ended Sept. 30. The company's net sales increased 20.4% to $726.7 million, while net earnings increased 29.1% to $96.8 million.