Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported sales of $1.28 billion for the fourth quarter of 2019, a 3.7% increase over the same period in 2018. The distributor reported net earnings of $178.7 million, a 5.9% increase over the year-ago period.
For the full year, Fastenal reported sales of $5.3 billion, up 7.4% compared to 2018. Net earnings for the year rose 5.2%, to $790.9 million.
Fastenal also reported an increase in monthly sales for December; net sales reached $373,731, up 6.3% compared with December of 2018.
