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Fastenal Releases 2015 Semi-annual Earnings

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2015-07-15

Sales slowed down significantly in the first half of 2015 due to lower sales from the oil & gas industry and overall weakness in the industrial economy.

The industrial and construction supplies wholesale distributor serves customers in the manufacturing and non-residential construction markets. Both of these end markets witnessed moderating growth due to weak industrial environment.

Unit: USD1,000	Six-month Period			Three-month Period
Unit: USD1,000	2015	2014	Change	2015	2014	Change
Net sales	$1,951,144	1,826,439	6.80%	$997,827	$949,938	5.00%
Business days	127	127		64	64
Daily sales	$15,363	14,381	6.80%	$15,591	$14,843	5.00%
Pre-tax earnings	$428,611	385,627	11.10%	$225,099	$206,782	8.90%
% of sales	22.00%	21.10%		22.60%	21.80%
Net earnings	$267,963	242,445	10.50%	$140,357	$130,514	7.50%
Net earnings per share (basic)	$0.91	0.82	11.00%	$0.48	$0.44	9.10%