Fastenal Co. Adds Additional 8,000 Vending Machines In Second Quarter 2013

The Fastenal Co. of Winona, Minn., has reported the results of the second quarter ended June 30, 2013.On June 30, 2013, the company operated 29,549 FAST SolutionsSM (industrial vending) machines. During the first six months of 2013, it installed 8,454 new machines, an increase of 40.1 percent since December 2012. It has increased its machine count by 126.7 percent since June 30, 2012.

According to the second quarter report, 30 percent of the $1.65 million total net sales were from customers with vending machines (although that number includes vending and traditional sales), up from 20.8 percent the year before.