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Fastenal Company Message Board

  • adspatz adspatz Oct 9, 2013 10:39 AM Flag

    Fastenal quarterly earnings up 9.2%

    Search for "SEC Live Filings Digest" to find out more.
    Fastenal Company (FAST) reported its quarterly earnings for the third quarter of fiscal 2013 were up 9.2%. Sales increased 7% to $858.4M while its gross margin slightly improved from 51.6% to 51.7%. Earnings for the quarter were up from $109.3M and $0.37 per share a year ago to $119.4M, or $0.40 earnings per share. Fastenal cautioned that sales growth continues to be impacted by adverse global economic conditions and uncertain U.S. domestic policy. Analysts are projecting that revenue in the non-residential and industrial construction markets are flat, with no increase expected until 2014. As of September 30, Fastenal operates 2,686 stores, a 1.4% increase from a year ago.

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38.94+0.57(+1.49%)Oct 24 4:00 PMEDT