Fastenal Reports Profit Rise Led by Higher Sales
April 11 2019 - 7:38AM
Dow Jones News
By Kimberly Chin
Fastenal Co. (FAST) said Thursday profit rose 11% for the first
fiscal quarter driven by higher sales and strong underlying market
demand for products in industrial vending, onsite locations, and
construction.
For the quarter ended March 31, the Winona, Minn.-based company
said net income was $194.1 million, or 68 cents a share, up from
$174.3 million, or 61 cents a share, in the same period last year.
Analysts polled by Refinitiv were expecting 67 cents a share.
Revenue came in at $1.31 billion, a 10% increase from the year
earlier. Analysts expected $1.31 billion in sales.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
April 11, 2019 07:23 ET (11:23 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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