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FASTENAL REPORTS RESULTS

 FASTENAL REPORTS RESULTS
 WINONA, Minn., Oct. 15 /PRNewswire/ -- Fastenal (NASDAQ-NMS: FAST)


today announced the following results:
 FASTENAL
 STATEMENT OF EARNINGS
 (Unaudited)
 Nine Months Ended Three Months Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Net sales $59,851,000 $46,014,000 $21,344,000 $16,724,000
 Cost of sales 27,605,000 21,465,000 9,675,000 7,706,000
 Gross profit 32,246,000 24,549,000 11,669,000 9,018,000
 Operating/admin. 21,847,000 16,913,000 7,604,000 6,039,000
 Operating income 10,399,000 7,636,000 4,065,000 2,979,000
 Interest expense -- (51,000) -- (11,000)
 Interest income 181,000 396,000 51,000 112,000
 Gain on disposal of
 prop. & equip. 62,000 -- 14,000 --
 Earnings before
 income tax 10,642,000 7,981,000 4,130,000 3,080,000
 Income tax expense 4,262,000 3,095,000 1,659,000 1,200,000
 Net earnings 6,380,000 4,886,000 2,471,000 1,880,000
 Earnings per share $.34 $.26 $.13 $.10
 Weighted average shares
 outstanding 18,969,344 18,969,344 18,969,344 18,969,344
 -0- 10/15/92
 /CONTACT: Stephen M. Slaggie of Fastenal, 507-454-5374/
 (FAST) CO: Fastenal ST: Minnesota IN: SU: ERN


DS -- MN006 -- 0271 10/15/92 09:40 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 15, 1992
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