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Fastenal posts sales gains in Q1

BY HBSDEALER Staff

Winona, Minn.-based Fastenal Co. reported net sales of $876.5 million in the first quarter ended March 31, an increase of 8.7% over the same period last year. 

Net earnings increased 2.6% to $111.9 million. 

Those gains came despite the weather. “In 2014, our sales growth was hampered in January and February due to a weak economy and foreign exchange rate fluctuations (primarily related to the Canadian dollar); however, the biggest impact was a severe winter in North America and its negative impact on our customers and our trucking network,” the company said. 

The company’s store count was 2,683, up from 2,660 in March of last year.

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Cordwin Custom Sawmill joins Wood-Mizer

BY HBSDEALER Staff

Wood-Mizer, a sawmill manufacturer, announced the opening of a new sales center for small mills located in Reddick, Fla. Cordwin Custom Sawmill, owned by Chad Cordwin, will join Wood-Mizer’s growing distribution network as the 22nd sales center located within the United States and Canada.

A Wood-Mizer owner for nearly two decades, Chad Cordwin will become the company’s first Pro Sawyer Dealer. Chad became a member of Wood-Mizer’s elite group of approved sawyers, the Pro Sawyer Network, which enabled him to list his business on Wood-Mizer’s online custom sawyer directory — a resource for those looking for a sawyer to saw their own lumber.

“Chad’s sawing experience and knowledge of Wood-Mizer products factored in the decision to add Cordwin Custom Sawmill as a new sales center in Florida,” said Wood-Mizer national sales manager Dave Mann. “We are looking forward to his contributions to the company, and I’d like to welcome him to Wood-Mizer’s growing network of dealers.”

Wood-Mizer will host the grand opening for the Florida Pro Sawyer Dealer on Saturday, April 26 at 900 W. Highway 316 in Reddick.

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HCN Stock Watch: All but one

BY HBSDEALER Staff

All but one of HCN’s Top 30 experienced a downturn at Thursday’s close, with Lumber Liquidators (LL) dropping a substantial 6.48%.

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