Fastenal Profit Jumps
April 12
00:00
2005
Fastenal Profit Jumps
Jason Sandefur
Fastenal Co. reported profit surged 31.6% to $37 million during the first quarter of 2005 as an improved business climate and a new stocking model at its stores helped boost sales 24.5% to $353.8 million.
The company said it opened 74 new sites in the period, up from 49 in the first quarter of 2004. Fastenal has boosted its workforce 5.4% to 5,799 employees in the past three months. Web: fastenal.com �2005 FastenerNews.com
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