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Business Description
Fastenal Company is engaged in the retail and wholesale of approximately 356,000 different types of industrial and construction supplies. These include approximately 169,000 different types of threaded fasteners and miscellaneous supplies; approximately 67,000 different types of tools; approximately 29,000 different types of metal cutting tool blades; approximately 34,000 different types of fluid transfer components and accessories for hydraulic and pneumatic power; approximately 10,000 different types of material handling and storage products; approximately 5,000 different types of janitorial and paper products; approximately 10,000 different types of electrical supplies; approximately 17,000 different types of welding supplies; approximately 9,000 different types of safety supplies, and approximately 6,000 different types of raw materials. As of December 31, 2002, the Company had 1,169 store sites located in 50 states, Puerto Rico, Canada, Mexico and Singapore.

Financial Information
Fastenal Company is principally engaged in the sale of industrial supplies, including threaded fasteners and construction supplies, through 1,169 store sites located in 50 states, PR, CAN, MEX and SING. For the three months ended 3/31/03, net sales rose 10% to $235.8 million. Net income rose 8% to $19 million. Results benefitted from additional store site openings, partially offset by changes in product mix and costs related to site openings.