Skip to main content
Updated:
Original:

Fastenal's profits, sales increase in first-quarter

Author:

Fastenal Co. reported Wednesday that first-quarter net earnings climbed nearly 9 percent to $109 million, Fox Business reports. Sales increased to $806 million, up 4.9 percent from the same quarter last year.

The Star Tribune says the Winona-based company's profit met Wall Street's expectations, but came up short on beating the revenue analysts had expected.

Fastenal, which sells fasteners, tools and other industrial and construction supplies, opened 11 new stores during the first three months of the year, bringing its total to 2,660, according to a news release. The company also installed 4,352 new industrial vending machines, bringing that total to 25,447.

Click here, to follow Fastenal's stock performance.

Next Up

Timothy William Tuit

2 people plead guilty in fatal Dakota County home invasion

Two others charged in the incident will go to trial next year.

south lake minnetonka police department

25-year-old arrested after multi-city police chase in western suburbs

Police were called for a welfare check but learned it was a domestic violence incident.

Screen Shot 2021-12-02 at 8.34.54 AM

After getting COVID, Harrison Smith still not considering vaccine

The Vikings safety says he doesn't plan on getting vaccinated.

covid

First omicron variant COVID case detected in MN

The individual is an adult male who lives in Hennepin County and had recently traveled.

wright county Sheriff Sean Deringer

Minnesota sheriff bashes MPD, 'disgusted' by officers' actions

The sheriff said he will no longer defend the Minneapolis Police Department.

Screen Shot 2021-12-02 at 7.59.52 AM

More than 2 years after announcing, Duck Donuts finally opens at MOA

The grand opening of the new location took place Wednesday.

unsplash - school girl students

St. Paul is closing 6 schools amid declining enrollment

The board revised the plan after the school communities voiced concerns.

Karl-Anthony Towns

X-rays negative after Karl-Anthony Towns takes scary fall

Towns crashed hard to the ground late in the game Wednesday night.

Minneapolis police

2 more homicides push Minneapolis closer to record set in 1995

The deadly shootings happened on the city's North Side Wednesday night.

Karl-Anthony Towns

KAT sets a franchise record, leaves early in loss to Wizards

Towns fell on his back in the final minutes of a loss in Washington.

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.