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Fastenal Company Reports 2016 Annual and Fourth Quarter Earnings
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2017-01-23
Fastenal Company of Winona, MN (Nasdaq:FAST) reported the results of the quarter and year ended December 31, 2016. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands.
Net sales (and the related daily sales), pre-tax earnings, net earnings, and net earnings per share (basic) were as follows for the periods ended December 31:
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Twelve-month Period
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Three-month Period
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||||||||||||||||
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2016
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2015
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Change
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2016
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2015
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|
Change
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||||||||
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Net sales
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$
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3,962,036
|
|
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3,869,187
|
|
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2.4
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%
|
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$
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947,947
|
|
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922,793
|
|
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2.7
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%
|
|
Business days
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255
|
|
|
254
|
|
|
|
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63
|
|
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63
|
|
|
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||||
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Daily sales
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$
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15,537
|
|
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15,233
|
|
|
2.0
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%
|
|
$
|
15,047
|
|
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14,648
|
|
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2.7
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%
|
|
Pre-tax earnings
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$
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789,729
|
|
|
826,020
|
|
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-4.4
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%
|
|
$
|
180,822
|
|
|
178,205
|
|
|
1.5
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%
|
|
% of sales
|
19.9
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%
|
|
21.3
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%
|
|
|
|
19.1
|
%
|
|
19.3
|
%
|
|
|
||||
|
Net earnings
|
$
|
499,478
|
|
|
516,361
|
|
|
-3.3
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%
|
|
$
|
114,805
|
|
|
111,904
|
|
|
2.6
|
%
|
|
Net earnings per share (basic)
|
$
|
1.73
|
|
|
1.77
|
|
|
-2.3
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%
|
|
$
|
0.40
|
|
|
0.39
|
|
|
2.6
|
%
|
