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FASTENAL ANNOUNCES EARNINGS

 FASTENAL ANNOUNCES EARNINGS
 WINONA, Minn., April 13 /PRNewswire/ -- Fastenal (NASDAQ: FAST)


announced the following results:
 FASTENAL STATEMENTS OF EARNINGS
 Three Months Ended
 3/31/92 3/31/91
 Net sales $18,224,000 $13,774,000
 Cost of sales $8,575,000 $6,431,000
 Gross profit $9,649,000 $7,343,000
 Operating & Administr. Exp. $6,900,000 $5,284,000
 Operating Income $2,749,000 $2,059,000
 Other income (expense)
 Income expense -- (20,000)
 Interest income 76,000 161,000
 Gain on sale of property &
 equipment 35,000 --
 Total other income (expense),
 net 111,000 141,000
 Earnings before income taxes 2,860,000 2,200,000
 Income tax expense 1,138,000 855,000
 Net earnings $1,722,000 $1,345,000
 Earnings per share $.09 $.07
 Weighted average shares
 outstanding 18,969,344 18,969,344
 During the quarter, the fourth distribution center was opened in Dallas, Texas. A net of 13 new stores were opened in this quarter, bringing the total of open stores to 171 as of March 31, 1992.
 A 2-for-1 stock split in the form of a 100 percent stock dividend was effected on March 30, 1992, and an annual dividend of 6 cents per common share was paid to shareholders on March 23, 1992. The above information reflects the aforementioned stock split.
 -0- 4/13/92
 /CONTACT: Stephen M. Slaggie of Fastenal, 507-454-5374/
 (FAST) CO: Fastenal ST: Minnesota IN: SU: ERN


DS -- MN004 -- 7657 04/13/92 10:30 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
Words:250
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