Fastenal Q4 sales rise 22 percent
Fastenal reported that sales rose rose about 22 percent to $697.8 million for the fourth quarter.
The company's net income rose to $87.5 million, or 30 cents a share, from $65.2 million, or 22 cents a share, a year ago.
For the full year, sales rose nearly 22 percent to $2.8 billion, compared to $2.3 billion in the previous year. Annual net income was $357.9 billion, compared to net income of $265.4 in 2010.
In 2011, Fastenal opened 122 new stores, an increase of 4.9% since Dec. 31, 2010, and employed 15,168 people, an increase of 14.2%.
For the year, sales to manufacturing customers grew by 20%, and was more pronounced among OEM customers than in the maintenance segment.
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.
