Fastenal (FAST) reported earnings on Wed 10 Oct 2018 (b/o)

The Winona, Minnesota-based maker of industrial and construction fasteners is first to report in the S&P 500?

** charts after earnings **

 

Fastenal beats by $0.02, reports revs in-line 

• Reports Q3 (Sep) earnings of $0.69 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.67; revenues rose 13.0% year/year to $1.28 bln vs the $1.27 bln S&P Capital IQ Consensus.  "We believe the combined effects of discrete tax items and the lower tax rate resulting from the impact of the Tax Act benefited our basic and diluted earnings per share by $0.12 in the third quarter of 2018."
• "We signed 5,877 industrial vending devices during the third quarter of 2018, an increase of 23.2% compared to the third quarter of 2017, and signed 17,093 industrial vending devices during the first nine months of 2018, an increase of 13.3% compared to the first nine months of 2017."