Construction Supply Maker Hurt by Sluggish Demand
By BEN FOX RUBIN
Updated Jan. 15, 2014 7:47 a.m. ET
Fastenal Co. said its sales and margins trends continued to weaken in the fourth quarter after the construction supply maker warned of the trend in December.“This weakening was worse than we expected and this created additional drain on our ability to grow earnings,” Fastenal said. Earnings edged up 0.5% in the period. (…)
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