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Fastenal earnings up 57% in Q3

Winona, Minn.-based Fastenal reported third-quarter earnings of $74.9 million, up 57.6% from $47.5 million reported for the same period in 2009.

Sales for the quarter were $603.7 million, up 23.4% from $489.3 million as reported for the same period last year.

The company reported that it has opened 90 new locations during the first nine months of the year, compared with 45 for the same period last year. The company has increased its work force by 6.5%.

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