Fastenal Co.s FAST fourth-quarter earnings rose 13% as the industrial supply company continued to post revenue growth, though its sales momentum slowed amid continued softness in the U.S. manufacturing sector and impacts from superstorm Sandy.
The distributor of fasteners, metal cutting tools and other industrial supplies had continued to post double-digit revenue growth in recent years, though the momentum has been slowing in recent quarters amid sluggish demand in its industrial production and nonresidential construction markets.
The companys sales have benefited from the addition of new industrial hardware supply stores and the installation of its industrial vending machines.(…)
via Fastenal 4th-Quarter Profit Rises 13%; Sales Growth Continues to Slow | Fox Business.