Fastenal Company Reports First Quarter Results - Modern Distribution Management

Log In

Fastenal Company Reports First Quarter Results

Author
Date

>The Fastenal Company, Winona, MN reported net sales for the three-month period ended March 31, 2006 totaled $431.7 million, an increase of 22.0% over net sales of $353.8 million in the first quarter of 2005. First quarter operating income increased from $59.4 million in 2005 to $76.9 million in 2006, an increase of 29.5%. Net earnings increased in the first quarter from $37.0 million in 2005 to $47.9 million in 2006, an increase of 29.2%.


>During the first three months of 2006, Fastenal opened 73 new store sites (Fastenal opened 74 news sites in the first quarter of 2005). These 73 new sites represent 4.2% additional stores since Dec. 31, 2005. There were 6,783 sales employees as of Mar. 31, 2006, an increase of 6.1% from Dec. 31, 2005.


>


Much more detail here.


 

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.