Content about Minnesota

May 23, 2013

Bloomington, Minn.-based The Toro Co. reported record highs in sales and earnings for the second quarter, despite a double-digit sales decline in the residential division.

The company posted net earnings of $78.4 million, on a net sales increase of 1.9%, to $704.5 million for its fiscal second quarter ended May 3.

In the comparable fiscal 2012 period, the company delivered net earnings of $68.8 million on net sales of $691.5 million.

April 10, 2013

Fastenal points to growth in Q1

Despite "weakening industrial environment," Fastenal sales are up 4.9% in the first quarter ended March 31.

Winona, Minn.-based Fastenal reported first-quarter net sales of $803.3 million, up 4.9% from $768.9 million in the same quarter last year.

Net earnings for the quarter ended March 31 were $109.0 million, up 8.8%.

Those numbers reflect expansion of the company's footprint. The 2,660-store operator opened 11 new stores in the first three months of 2013, an increase of 0.4% since December 2012.

January 21, 2013

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.