Fastenal sales up 12% in 2014

Sales hit $3.73 billion for the year; Q4 sales rise 13.8 percent.

Fastenal reported that sales for 2014 were $3.73 billion, a 12 percent increase from the $3.32 billion reported in fiscal 2013. Sales for the fourth quarter rose 13.8 percent to $926 million.

Earnings for the year were $494 million, a 10 percent increase from last year, with earnings per share of $1.67. 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.