The 2020 Mid-Year Economic Update_long

Fastenal 2012 Sales Up 13.3%

Fastenal opened 80 new stores and installed 13,642 new industrial vending machines in 2012.

The Fastenal Co. of Winona, MN, (Nasdaq: FAST), No. 7 on MDM’s list of the top 40 industrial distributors, reported sales for the fourth quarter of $757.2 million, an 8.5 percent increase compared to the same period a year ago. Profit increased 12.9 percent to $98.7 million.

For the full year, sales were $3.1 billion, a 13.3 percent increase over the prior year. Profit increased 17.5 percent to $420.5 million.

During 2012, Fastenal opened 80 new stores. The distributor also installed 13,642 new FAST Solutions industrial vending machines, an increase of 183 percent since December 2011.

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