Fastenal Co. reported sales rose 10% to $315.1 million in April, boosted by steady growth in manufacturing and non-residential construction markets.
Sales to manufacturing customers gained 8.5% in April, while sales to construction customers grew 5.4%.
Overall daily sales increased 10% to $14.3 million.
Fastenal opened no new stores in April. The company has opened nine new stores in 2014, bringing its total store count to 2,683.
In February CEO Will Oberton told the Winona Daily News that his biggest regret about 2013 relates to hiring.
When asked what he would have changed about 2013, Oberton said: “I would have started hiring sooner. We started accelerating our hiring in June. If I would have done that in January, I think the second half of the year would have looked different.”
April’s personnel increases appear to reflect the hiring boon at Fastenal.
Full-time store personnel has increased 16.7% in 2014, bringing the total to 10,303. Selling personnel have increased 15.4% to 11,561.(…)
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