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Fastenal Q2 financials

The Fastenal Co. of Winona, MN, reported the results of the six months and the quarter ended Jun. 30, 2004. Dollar amounts are in thousands.


Net sales for the six-month period ended Jun. 30, 2004 totaled $594,349, an increase of 22.6% over net sales of $484,955 in the first six months of 2003. Net earnings increased from $40,968 in the first six months of 2003 to $62,979 in the first six months of 2004, an increase of 53.7%.


Net sales for the three-month period ended June 30, 2004 totaled $310,143, an increase of 24.5% over net sales of $249,112 in the second quarter of 2003. Net earnings increased from $21,927 in the second quarter of 2003 to $34,832 in the second quarter of 2004, an increase of 58.9%.


During the first half of 2004, Fastenal opened 127 new sites. The 127 new sites in 2004 represent 9.7% more stores since December 31, 2003. There were 5,297 site employees as of June 30, 2004, an increase of 9.6% from December 31, 2003 and 12.9% from June 30, 2003.

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