Fastenal CompanyFAST
▼ NegativeCapitalrelevance
Net sales declined to $2.08B from $2.39B, and shares fell 1.81% in pre-market trading despite higher net income.
Impact on stocks 1
Industrials
Fastenal CompanyFastenal reported higher net income for the second quarter, rising to $382.8 million from $330.3 million a year earlier. Earnings per share increased to $0.33 from $0.29, while operating income climbed to $501.8 million from $436.1 million. Net sales, however, declined to $2.08 billion from $2.39 billion in the prior year. The company attributed sales performance to share gains with larger customers, pricing actions, and broad-based demand across core end markets. In pre-market trading, shares were 1.81% lower at $46.20 on the Nasdaq.
Fastenal CompanyNet sales declined to $2.08B from $2.39B, and shares fell 1.81% in pre-market trading despite higher net income.