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FASTENAL COMPANY REPORTS THIRD QUARTER EARNINGS

 WINONA, Minn., Oct. 14 /PRNewswire/ -- The Fastenal Company (NASDAQ: FAST) reported the results of the third quarter ending Sept. 30, 1993.
 Net sales for the period totaled $29,475,000, a 38.1 percent increase over the third quarter 1992 sales of $21,344,000. Net earnings grew from $2,471,000 in the third quarter of 1992 to $3,371,000 in the third quarter of 1993, an increase of 36.4 percent. Earnings per share increased from $.13 to $.18 for the comparable periods.
 During the quarter, Fastenal opened 14 new stores, bringing the total number of stores in operation to 239. No stores were closed.
 The two FastTool stores continue to show progress, as anticipated.
 STATEMENTS OF EARNINGS
 (unaudited)
 Nine months ended Three months ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Net sales $79,973,000 $59,851,000 $29,475,000 $21,344,000
 Cost of sales 36,991,000 27,605,000 13,285,000 9,675,000
 Gross profit 42,982,000 32,246,000 16,190,000 11,669,000
 Oper./Admin exp. 28,909,000 21,847,000 10,418,000 7,604,000
 Oper. income 14,073,000 10,399,000 5,772,000 4,065,000
 Interest income 163,000 181,000 52,000 51,000
 Gain on disposal
 equip. 8,000 62,000 --- 14,000
 Earnings
 before
 income tax 14,244,000 10,642,000 5,824,000 4,130,000
 Income tax exp. 5,785,000 4,262,000 2,453,000 1,659,000
 Net earnings $ 8,459,000 $ 6,380,000 $ 3,371,000 $ 2,471,000
 Earnings per
 share $.45 $.34 $.18 $.13
 Weighted average
 shares
 outstanding 18,969,344 18,969,344 18,969,344 18,969,344
 -0- 10/14/93
 /CONTACT: Stephen M. Slaggie, secretary and shareholder relations, of Fastenal, 507-454-5374/
 (FAST)


CO: The Fastenal Company ST: Minnesota IN: REA SU: ERN

BM-KL -- CL015 -- 2087 10/14/93 09:51 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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