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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:
 
Twelve-month Period
 
Three-month Period
 
2016
 
2015
 
Change
 
2016
 
2015
 
Change
Net sales
$
3,962,036
 
 
3,869,187
 
 
2.4
%
 
$
947,947
 
 
922,793
 
 
2.7
%
Business days
255
 
 
254
 
 
 
 
63
 
 
63
 
 
 
Daily sales
$
15,537
 
 
15,233
 
 
2.0
%
 
$
15,047
 
 
14,648
 
 
2.7
%
Pre-tax earnings
$
789,729
 
 
826,020
 
 
-4.4
%
 
$
180,822
 
 
178,205
 
 
1.5
%
% of sales
19.9
%
 
21.3
%
 
 
 
19.1
%
 
19.3
%
 
 
Net earnings
$
499,478
 
 
516,361
 
 
-3.3
%
 
$
114,805
 
 
111,904
 
 
2.6
%
Net earnings per share (basic)
$
1.73
 
 
1.77
 
 
-2.3
%
 
$
0.40
 
 
0.39
 
 
2.6
%
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