2/5/2014 11:03:00 AM
NEWS BRIEFS

Fastenal Co. reported sales in January increased 6.7% to $293.2 million.

“During January 2014, unusual weather impacted our business in North America,” the company stated. “Two distribution centers (Indianapolis, IN and Atlanta, GA) were shut down for multiple days, and our entire trucking network was impacted.”

Daily sales growth to manufacturers increased 6.6%, while non-residential construction revenue gained 0.3% during the month.

Fastenal opened no new stores last month, compared with three new store openings in January 2013.

Total personnel grew 13.6% to 15,155 workers. Full-time store personnel increased 14.6% to 10,309; distribution personnel grew 14.1% to 2,084; manufacturing personnel rose 8.2% to 609.

Fastenal sales in 2013 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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Related Links:

• Fastenal Co.