10/12/2010 11:17:00 AM
NEWS BRIEFS
Fastenal Reports Double-Digit Sales and Earnings Growth

Fastenal Co. saw sales jump 23.4% to $603.7 million during the third quarter of 2010, boosted by a stronger Canadian dollar and revenue from socket head fastener manufacturer Holo-Krome, which Fastenal acquired in 2009.
 

Third quarter net earnings jumped 57.6% to $75 million, while earnings per share grew 59.4% to $0.51.
 

Fastenal’s rate of store openings increased 1.9% to to 2,453 locations at the end of September.

Fastenal’s rate of store openings increased 1.9% to 2,453 locations at the end of September. The company added 522 jobs to its payroll during Q3, with the full-time employee headcount rising 5% to 10,822.

Nine-month sales improved 16.7% to $1.69 billion, while net earnings increased 43.2% to $200.2 million. ©2010 GlobalFastenerNews.com

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Related Links:

• Fastenal Co.