Fastenal Earnings

Despite weak sales trends in December, the Fastenal Company Wednesday reported a net sales growth of 6.1 percent in 2013 compared to 2012.
According to the report, Fastenal had net sales of 3.3 billion dollars in 2013 compared to about 3.1 billion the year before.
Net earnings for 2013 were about $448,000,000, up 6.7 percent from 2012.

Net earnings per share of Fastenal stock went up by $1.51 in 2013, an increase of 6.3 percent from 2012.

Following the release of the report, Fastenal stock, as of 11:00 a.m., was at $45.67 a share, down $2.54.

Fastenal also reported it operated 2,687 stores at the end of 2013 and had 17,277 employees, up 14-percent from a 2012.

The firm also reported increasing its FAST Solutions vending machines by almost 61-percent in 2013 to 33,920.

In addition, Fastenal reported that during the fourth quarter of 2013 it had a 7.5 percent increase in net sales of $813,000,000. compared to the fourth quarter of 2012.

Net earnings for the quarter were just under $100,000,000, up 6.7 percent from the same period the year before. 

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