5/8/2013 8:08:00 AM
HEADLINES
STOCKS: OEMs Continue to Drive Fastenal Sales
Fastenal Co. reported sales grew 9.8% to $286.6 million in April, with daily sales gaining 4.8% to $13,028.
During the month, manufacturing customers grew 5.1% and non-residential construction customers grew 0.4%.
The company opened no new stores in last month, down from the four new stores Fastenal opened in April 2012. The company has opened a total of 11 new stores in 2013, down from the 32 it opened in the first four months of the previous year.
Fastenal’s total head count increased 0.3% to 13,280 in April. Non-store selling personnel grew 13.3% to 1,185, while administrative personnel increased 7.7% to 852, manufacturing personnel rose 4.2% to 567, and distribution personnel rose 0.8% to 1,846. ©2013 GlobalFastenerNews.com
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