Fastenal Company announced unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net sales of $947,793,000 compared with $922,793,000 for the same period a year ago. Operating income was $182,488,000 compared with $179,142,000 for the same period a year ago. Earnings before income taxes were $180,822,000 compared with $178,205,000 for the same period a year ago. Net earnings was $114,805,000 or $0.40 per diluted share compared with $111,904,000 or $0.39 per diluted share for the same period a year ago.

For the full year, the company reported net sales of $3,962,036,000 compared with $3,869,187,000 for the same period a year ago. Operating income was $795,839,000 compared with $828,755,000 for the same period a year ago. Earnings before income taxes were $789,729,000 compared with $826,020,000 for the same period a year ago. Net earnings was $499,478,000 or $1.73 per diluted share compared with $516,361,000 or $1.77 per diluted share for the same period a year ago. Net cash provided by operating activities was $513,999,000 compared with $546,940,000 for the same period a year ago. Purchases of property and equipment were $189,451,000 compared with $155,168,000 for the same period a year ago.

The company expect its net capital expenditures to be approximately $119 million in 2017, a decrease of $64 million, or 35% from 2016.