The Fastenal Company of Winona, MN, (Nasdaq: FAST), No. 7 on MDM’s list of the top 40 industrial distributors, reported sales for the third quarter ended Sept. 30, 2012, of $802.6 million, a 10.4 percent increase over the same period a year ago. Profit increased 12.9 percent to $109.3 million.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
For the first nine months, sales were $2.38 billion, a 14.9 percent improvement year-over-year. Profit jumped 19 percent to $321.8 million.
During the first nine months of 2012, Fastenal opened 73 new stores, bringing the total store count to 2,650. Employee count rose 1.7 percent from December 2011 levels, to 15,431.
At the end of the third quarter, Fastenal operated 17,013 FAST Solutions industrial vending machines. The company increased its installed machine base by 3,977 machines in the third quarter. During the first nine months, Fastenal installed 9,560 new machines, an increase of 128.3 percent since December 2011.
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 www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List Free
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up below to receive MDM Update, your free daily distribution news update by email.