Market Updates
Fastenal Quarterly Earnings Rise 28% on Record New Onsite Locations
Scott Peters
13 Apr, 2022
New York City
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Fastenal, the distributor of industrial and construction supplies said March quarter revenues rose 20% to $1.7 billion and earnings rose 28% to $269 million from a year ago. Earnings per share increased 28% to 47 cents from 37 cents. Revenues through electronic interface increased 55.6% and comprised 16% of total sales in the period. The wholesaler added a record 106 new onsite locations.
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