Fastenal Q4 Profit Rises - Quick Facts

(RTTNews) - Industrial and construction supplies provider Fastenal Co. (FAST) reported that its fourth-quarter net earnings increased to $99.23 million from $98.72 million in the same quarter last year. On a per share basis, net earnings were $0.33, unchanged from last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $813.76 million from $757.24 million in the prior year quarter. Eleven analysts had consensus revenue estimate of $813.25 million for the quarter. The increase in net sales came primarily from higher unit sales.