MDM Premium
Need Help? (888) 742-5060

In The News:

More From Mdm

Anixter Enters Joint Venture in Saudi Arabia

Fastenal 3Q Sales Up 20.4%

The Fastenal Company (Nasdaq: FAST), Winona, MN, No. 7 on the list of top industrial distributors, reported sales were $726.7 million in the third quarter, up 20.4 percent from the same period a year ago. Profit increased 29.1 percent to $96.8 million.

For the first nine months, sales increased 22 percent to $2.1 billion, while profit increased 35.1 percent to $270.5 million. Fastenal opened 94 new stores during the nine-month period and added 1,642 employees.

Growth in 2010 and 2011 was more pronounced for Fastenal's industrial production business and less pronounced in the maintenance portion of its manufacturing business.

© 2017 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

Partner Center