Fastenal Sales Grow 14% in 2007

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January 22, 2008

Fastenal Sales Grow 14% in 2007

The Fastenal Company, Winona, MN, reported sales for the year ended Dec. 31, 2007, were up 14% to $2.06 billion. Profit increased from $199 million to $232 million in 2007, up 16.9%.

Sales for the quarter ended Dec. 31 were $519.2 million, an increase of 15.7% over the same period last year. Profit was up 23.3%.

In 2007, Fastenal opened 161 new sites, compared with 245 new sites in 2006.

More details here.

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