Fastenal Earnings

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.....

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