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Fastenal Company Reports 2012 Fourth Quarter And Annual Earnings

WINONA, Minn., Jan. 17, 2013 (GLOBE NEWSWIRE) -- Fastenal Company of Winona, MN (Nasdaq:FAST) reported the results of the quarter and year ended December 31, 2012. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands. Share and per share information in this document has been adjusted to give effect to the two-for-one split of our common stock in May 2011.

Net sales, pre-tax earnings, net earnings, and net earnings per share were as follows for the periods ended December 31:

  Twelve-month period Three-month period
  2012 2011 Change 2012 2011 Change
Net sales  $ 3,133,577 2,766,859 13.3%  $ 757,235 697,804 8.5%
Pre-tax earnings  $ 674,155 575,081 17.2%  $ 158,151 140,769 12.3%
  % of sales 21.5% 20.8%   20.9% 20.2%  
Net earnings  $ 420,536 357,929 17.5%  $ 98,716 87,472 12.9%
Net earnings per share (basic)  $ 1.42 1.21 17.4%  $ 0.33 0.30 10.0%

On a sequential basis in 2012, the first, second, third, and fourth quarters had 64, 64, 63, and 63 business days, respectively; and our daily sales average was $12,014, $12,576, $12,739, and $12,020, respectively.

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