Winona's Fastenal Company is reporting an 8.7 percent increase in net sales during the first quarter of 2014 when compared to the first quarter of 2013.
Net sales increased to $876,500,000 in the January through March time period.
Fastenal also is reporting a 2.6 percent increase in net earnings over the the first quarter of 2013. Net earnings for 2014's first quarter totaled $111,900,000.
Net earnings per share during the first quarter this year went up one cent to 38-cents a share, an increase of 2.7 percent.
Fastenal also declared a dividend of 25-cents a share to shareholders of record as of April 25th, to be paid on May 23rd.
As of the end of the day on Thursday, Fastenal stock was selling at $51.21 a share.
At the end of the first quarter Fastenal was operating 2,686 stores across the nation which was a drop of four stores.
Fastenal had 17,788 employees, an increase of about 500 employees.....