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FASTENAL ANNOUNCES RESULTS

 FASTENAL ANNOUNCES RESULTS
 WINONA, Minn., July 15 /PRNewswire/ -- Fastenal Company


(NASDAQ: FAST) announced the following results.
 FASTENAL COMPANY
 STATEMENTS OF EARNINGS (UNAUDITED)
 Six Months Ended Three Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Net sales $38,507,000 $29,290,000 $20,283,000 $15,516,000
 Cost of sales 17,930,000 13,759,000 9,355,000 7,328,000
 Gross profit 20,577,000 15,531,000 10,928,000 8,188,000
 Operating/admin.
 expenses 14,243,000 10,874,000 7,343,000 5,590,000
 Operating income 6,334,000 4,657,000 3,585,000 2,598,000
 Interest expense -- (40,000) -- (20,000)
 Interest income 130,000 284,000 54,000 123,000
 Gain on disposal of
 property & equipment 48,000 -- 13,000 --
 Total other income
 (expenses), net 178,000 244,000 67,000 103,000
 Earnings before
 income taxes 6,512,000 4,901,000 3,652,000 2,701,000
 Income tax expense 2,603,000 1,895,000 1,465,000 1,040,000
 Net earnings $3,909,000 $3,006,000 $2,187,000 $1,661,000
 Earnings per share $.21 $.16 $.12 $.09
 Weighted average
 shares outstanding 18,969,344 18,969,344 18,969,344 18,969,344
 -0- 7/15/92
 /CONTACT: Stephen Slaggie of Fastenal Company, 507-454-5374/
 (FAST) CO: Fastenal Company ST: Minnesota IN: SU: ERN


DS -- MN004 -- 9412 07/15/92 09:28 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
Words:248
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