Fastenal Q1 Profit Tops View - Quick Facts

(RTTNews) - Industrial and construction supplies provider Fastenal Co. (FAST) posted first-quarter net earnings of $127.6 million, or $0.43 per share, compared to $111.9 million, or $0.38 per share in the prior year period. On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose by 8.8 percent to $953.32 million from $876.50 million in the comparable quarter last year, while 11 analysts had a consensus revenue estimate of $955.19 million for the quarter.

The growth in net sales in the periods noted for 2015 and 2014 came mainly from higher unit sales. Net sales were impacted by slight inflationary price changes in the non-fastener products and some price deflation in its fastener products, but the net impact was a drag on growth, according to the company.