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Fastenal announces big 3Q increases in sales and earnings and 90 new branches

Fastenal Inc., Winona, Minn., announced double-digit increase in its third-quarter and year-to-date sales and earnings. The company’s 3Q net sales increased 23.4 percent to $630.75 million and its 3Q earning increased 57.6% to $74.99 million. Year-to-date sales are up 16.7 percent over last year to $1.7 billion and year-to-date net earnings are up 43.2 percent to $200.2 million. During the first nine months of 2010, the company opened 90 new stores (compared to 45 new stores in the same period of 2009) and now has 2,459 branches.

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Industry Calendar

June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org

July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

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