Fastenal Company (NASDAQ:FAST) Reports 2Q18 Earnings results; Topline up 13%; Tops Estimate

Fastenal Company

Fastenal Company (NASDAQ:FAST) headquartered in Winona, Minnesota, announced net income for the second quarter of $ 211.20 million or $ 0.74 per share, compared to income $ 148.90 million or $ 0.52 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 0.66 per share.

Top line figures for the second quarter rose 13% to $ 1.27 billion from $ 1.12 billion in the same quarter last year, where as analysts anticipated $ 1.26 billion.

The net sales growth was driven by higher unit sales related primarily to continued strength in underlying market demand and contribution from our growth drivers, most notably industrial vending and Onsite locations.

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