Fastenal sales up 6.1 percent in '13
Fastenal Company reported net sales of $3.32 billion for 2013, a 6.1% increase from 2012.
Sales in the fourth quarter grew by 7.5% to $813.7 million from $757.2 million in the same period a year ago. Net earnings for the quarter were up by 0.5% to $99.2 million, or 33 cents per share, compared to $98.7 million, or 33 cents, for 2012's fourth quarter.
Net earnings for the year were $448.6 million, or $1.51 per share, compared to $420.5 million, or $1.42 per share, the previous year.
"Our growth in net sales was impacted by slight inflationary price changes in our non-fastener products and some price deflation in our fastener products, with the net impact being a slight drag on growth," the company said in a statement.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
