Fastenal Co. said its normalized net income for the third quarter amounted to 49 cents per share, compared with the S&P Capital IQ consensus estimate of 50 cents per share.
EPS increased 13.0% year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $141.2 million, a gain of 12.4% from $125.6 million in the year-earlier period.
The normalized profit margin rose to 12.5% from 12.4% in the year-earlier period.
Total revenue increased 11.8% on an annual basis to $1.13 billion from $1.01 billion, and total operating expenses climbed 11.6% on an annual basis to $904.4 million from $810.4 million.
Reported net income grew 13.0% year over year to $143.8 million, or 50 cents per share, from $127.2 million, or 44 cents per share.
