The 2020 Mid-Year Economic Update_long

Fastenal Reports 23% Growth in 2005

The Fastenal Company, Winona, MN, reported a 23% increase to $1.5 billion in sales for the fiscal year ended Dec. 31, 2005. The company had an increase in profit of 27.4% to $166 million from 2004.


Sales for the fourth quarter 2005 totaled $384 million, an increase of 20.6% over the fourth quarter of 2004. Fourth quarter profit was up 17.7% to $39.1 million from the same period last year.


During 2005, Fastenal opened 222 new store sites, an increase of 14.5% since the end of fiscal year 2004. There were 6,392 employees at the end of fiscal year 2005, an increase of 16.2% from the year before.


During 2005, Fastenal opened 222 new store sites. These 222 new sites represent an additional 14.5% stores since December 31, 2004. There were 6,392 site employees as of December 31, 2005, an increase of 16.2% from December 31, 2004.

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