Fastenal sales up 23 percent
The Fastenal Company reported sales climbed 23 percent to $640.6 million in the first quarter.
Net earnings increased 42 percent to $79.5 million, or 54 cents per share, compared to $56 million, or 38 cents per share, in the same period last year. During the first three months of 2011, the Winona, Minn.-based distributor opened 37 new stores, compared to 29 new stores in the same period of 2010.
Sales to manufacturing customers increased by 15.5 percent for the quarter compared to the first quarter of 2010. The growth was more pronounced among industrial production business and less pronounced in the maintenance end-user segment.Sales to non-residential construction customers grew by 17.7 percent.
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CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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