Fastenal (FAST) revenue in the third quarter was 2.46 billion USD (+15.5% y/y), and earnings per share (reported) increased to 0.35 USD (+20.7% y/y).

Quarterly results#

Operating income reached the level of 530.80 million USD (+20.2% y/y), while net income was 401.60 million USD (+19.7% y/y). Earnings per share (reported, basic) was at the level of 0.35 USD (+20.7% y/y).

Management commentary#

Management emphasized that the recorded growth is significantly above historical trends. According to management, success in any market environment should translate into double-digit revenue improvement every year.