6/5/2013 12:26:00 AM
NEWS BRIEF
Fastenal Co. reported its sales growth slowed in May, increasing 5.3% to $289.4 million. In April Fastenal’s sales growth rate was 9.8%.
During May, manufacturing customers grew 5.3% and non-residential construction customers contracted 0.2%.
The company opened 5 new stores, bringing its new store count for 2013 to 16, down from the 32 it opened in the first five months of 2012.
Fastenal’s total head count declined 0.2% to 15,509 in May. Non-store selling personnel grew 11.1% to 1,181, while administrative personnel increased 8.8% to 864, manufacturing personnel rose 4.8% to 571, and distribution personnel declined 2.2% to 1,853. ©2013 GlobalFastenerNews.com
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