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Fastenal Q3 profit climbs YOY

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Fastenal Q3 profit climbs YOY

Fastenal Co. said its normalized net income for the third quarter was 47 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.

EPS increased 5.4% year over year from 45 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $136.9 million, an increase from $132.9 million in the prior-year period.

The normalized profit margin rose to 13.8% from 13.6% in the year-earlier period.

Total revenue rose on an annual basis to $995.3 million from $980.8 million, and total operating expenses came to $775.4 million, compared with $768.3 million in the prior-year period.

Reported net income grew on an annual basis to $136.5 million, or 47 cents per share, from $133.8 million, or 45 cents per share.