Fastenal Sales Grow 13% in 2Q

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Microsoft

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July 12, 2007

Fastenal Sales Grow 13% in 2Q

The Fastenal Company, Winona, MN, reported sales of $519.7 million for the second quarter ended June 30, 2007, an increase of 13.3% over sales in the second quarter of 2006. Profit increased from $51.5 million in the second quarter of 2006 to $60.2 million in the second quarter of 2007, an increase of 17%.

Sales for the six-month period ended June 30, 2007, were $1 billion, an increase of 13.3% over the first six months of 2006. Profit increased 15%.

During the first six months of 2007, Fastenal opened 123 new sites (Fastenal opened 132 new sites in the first six months of 2006). The 123 new sites represent an increase in stores since Dec. 31, 2006 of 6.2%. During the second quarter of 2007, Fastenal closed one store. There were 8,089 sales employees as of June 30, 2007, an increase of 12.8% from December 31, 2006 and 14.0% from June 30, 2006.

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