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.
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.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
