FAST Fastenal Company

   Micah Maidenberg 
 

Fastenal Co. reported $198 million in profit, or 69 cents a share, during the third quarter, as the distributor reported strong installations of its industrial-products vending devices and healthy daily sales among its large customers.

Profit was up 38% compared to last year.

Analysts expected Fastenal to earn 67 cents a share for the period, according to FactSet.

The distributor of fasteners, bolts, tools and other supplies booked $1.28 billion in revenue during the quarter, up 13% compared to the year earlier and more than the $1.27 billion expected by analysts.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 10, 2018 07:27 ET (11:27 GMT)

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