Fastenal sales up 1.6 percent
Fastenal reported net sales of $1 billion for the second quarter, a 1.6 percent increase from $997.8 million reported in the same quarter last year.
Net earnings of $131.5 million, or 46 cents per share, declined 6.3 percent from earnings of $140.3 million, or 48 cents, in last year's second quarter.
Sales for the first six months of the year of $2.0 billion were up 2.6 percent from $1.95 billion in the same period last year. Net earnings for the six month period $257.7 million were down 4.6 percent from net earnings of $267.9 million in the same period in 2015. Earnings per share of 89 cents for the six-month period compared to earnings of 91 cents for the first six months of 2015.
Fastenal also reported that sales in June of $349.04 million were essentially flat compared to sales of $349.00 in June 2015. Daily sales of $15.89 million compared to $15.71 in June of last year.