Fastenal Company of Winona, MN (Nasdaq:FAST) reported the results of the quarter and year ended December 31, 2014.
May 4, 2015
Net sales for the 12-month period increased 12.2% to $3,733,507; sales for the fourth quarter increased 13.8% to $926,254. Net earnings for 2014 totaled $494,150, an increase of 10.1% over 2013 earnings.
The title of my talk is “Reimagining Distribution’s Value Proposition.” If I could give you the full story of my talk, my title would be something more akin to: “Reimagining Distribution’s Value Proposition So We Can Do a Better Job of Winning Customers, Growing Our Businesses, Increasing Our Gross Margins, and Staving Off Competitors from All Directions.”
Motion Industries, Inc. a wholly-owned subsidiary of Genuine Parts Company, recently entered into a definitive agreement to acquire Miller Bearings, Inc., headquartered in Orlando, Florida, in the first quarter of 2015.
The International Safety Equipment Association (ISEA) has received American National Standards Institute (ANSI) approval for ANSI/ISEA Z358.1-2014, American National Standard for Emergency Eyewash and Shower Equipment.