Fastenal 4Q net income jumps 13 percent

Author:
Updated:
Original:

Fastenal Co., which sells nuts, bolts and other fasteners, earned $98.7 million in its last quarter of 2012, up 13 percent from $87.5 million a year earlier, the Associated Press reports. Revenue rose 9 percent to $757.2 million from $697.8 million.

The Winona, Minn.-based company earned $420.5 million for the full year 2012 compared with $357.9 million in 2011, according to a news release. Fastenal said it opened 80 new stores last year and installed 13,642 new industrial vending machines.

Click here, to follow Fastenal's stock performance.

Next Up

Related

Fastenal Q3 profit up 13 percent

Lower expenses and a 10 percent sales growth helped boost Fastenal Co's third-quarter net income by 13 percent, RTTNews reports. The Winona-based company, an industrial and construction supplier, posted a profit of $109.3 million, or 37 cents a share, compared to $96.8 million, or 33 cents a share, a year ago.