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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
|
||||
|
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%
|
