3/7/2014 12:02:00 AM
NEWS BRIEF
The Fastenal Co. reported sales grew 7.7% to $274.5 million in February. The monthly total included a daily sales increase of 7.7% to $13.73 million.
Sales to manufacturing customers rose 8.8%, while sales to non-residential construction customers edged up 0.7%.
Fastenal opened three new stores in February, after opening none in January. The company operates 2,690 stores.
Store personnel increased 16.4% to 10,230. Non-store selling personnel rose 8.9% to 1,237, while distribution personnel grew 13.5% to 2,072 and manufacturing personnel increased 9.3% to 625.
In 2013 Fastenal sales increased 6.1% to $3.32 billion, with pre-tax earnings up 5.8% to $713.5 million and net earnings gaining 6.7% to $448.6 million. Yearly net earnings per share gained 6.3% to $1.51.
Full-year fastener sales grew 1.6%, which included Q1 growth of 1.7%; Q2 growth of 1.9%; Q3 growth of 1%; and Q4 growth of 1.9%. ©2014 GlobalFastenerNews.com
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