Posted January 17, 2019

Fastenal sees double-digit sales gain in 2018

A strong fourth quarter boosted 2018 sales for Fastenal to $4.9 billion, a 13.1 percent gain from $4.4 billion a year earlier.

Fourth-quarter sales of $1.2 billion were 13.2 percent higher than $1.1 billion in the fourth quarter of 2017.

Net earnings of $751.2 million for the year, or $2.62 per diluted share, compared to earnings of $579 million, or $2.01, the previous year. 

In the fourth quarter, earnings of $169 million were up 10.7 percent from earnings of $152.4 million in the fourth quarter of 2017. Fourth quarter earnings per share of 59 cents compared to 53 cents in the same period last year.

Fastenal signed 4,980 industrial vending devices during the fourth quarter of 2018, an increase of 16.7 percent compared to the fourth quarter of 2017, and signed 22,073 industrial vending devices in 2018, an increase of 14.0 percent compared to 2017.

Sixty-seven new onsite locations signed in the fourth quarter compared to 57 signings in the fourth quarter of 2017, an increase of 17.5 percent.