Fastenal Company Q2 Profit Rises - Quick Facts

(RTTNews) - Fastenal Company (FAST) reported that its second-quarter net income increased to $130.51 million or $0.44 per share, from $121.01 million or $0.41 per share, last year.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $949.94 million from $847.60 million. Analysts expected revenue of $952.45 million for the quarter. The increase in net sales came primarily from higher unit sales, the company said. Fastenal closed eight stores during the second quarter and identified additional stores it intend to close in the second half of 2014.