BusinessOctober 28, 1996
BUSINESS MEMO: FASTENAL CO. SALES JUMP
Fastenal Co. sales were up 31 percent during the third quarter of 1996. Fastenal, a national distributor of threaded metal products and related construction supplies, reported quarter sales of $76,212,000 up from the $57.9 million sales during the same period in 1995. Net earnings grew from $7.4 million in the third quarter of 1995 to $8.7 million during the third quarter of 1996, an increased of 18 percent. Earnings per share increased from 19 cents to 23 cents...
Fastenal Co. sales were up 31 percent during the third quarter of 1996.
Fastenal, a national distributor of threaded metal products and related construction supplies, reported quarter sales of $76,212,000 up from the $57.9 million sales during the same period in 1995. Net earnings grew from $7.4 million in the third quarter of 1995 to $8.7 million during the third quarter of 1996, an increased of 18 percent. Earnings per share increased from 19 cents to 23 cents.
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Fastenal opened 34 new stores during the quarter and now has 452 stores.
The Cape Girardeau Fastenal operation is at 2228 Bloomfield Road.
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