Fastenal sales up 12% in 2014
Fastenal reported that sales for 2014 were $3.73 billion, a 12 percent increase from the $3.32 billion reported in fiscal 2013.
Earnings for the year were $494 million, a 10 percent increase from last year, with earnings per share of $1.67.
Sales for the fourth quarter rose 13.8 percent to $926 million. Profits rose 19.3 percent to $118 million, or 40 cents a share.
"Since May 2014, our stores opened greater than five years have enjoyed double digit growth in every month. This is a strong indicator of the strength of the marketplace," the company said in a prepared statement.
The company hired 82 new employees during the last quarter and opened 24 new stores during 2014.
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.
