Fastenal 4Q net income jumps 13 percent


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.

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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.