7/12/2011 1:49:00 PM
NEWS BRIEFS
Fastenal Hiring Approaches Double-Digit Rate As Sales Jump
Fastenal Co. reported net sales jumped 22.9% to $701.73 million during the second quarter of 2011, with pre-tax earnings rising 33.9% to $150.2 million and net earnings gaining 36% to $94.1 million.
Six-month sales climbed 22.9% to $1.34 billion, with pre-tax earnings increasing 37.6% to $278.99 million and net earnings growing 38.7% to $173.65 million during the first half of the year.
The company has opened 75 stores so far this year, up from the 45 stores it opened during the first six months of 2010.
Employee count grew 9.6% to 14,563 during the first half of 2011. ©2011 GlobalFastenerNews.com
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