Fastenal Co. (FAST) stated fourth-quarter net income of $168.8 million.
The Winona, Minnesota-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share.
The maker of industrial and construction fasteners posted revenue of $1.23 billion in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $1.22 billion.
For the year, the company stated profit of $751.9 million, or $2.62 per share. Revenue was stated as $4.97 billion.
Fastenal Company, (NASDAQ: FAST) was trading -3.66% away from its yearly high level, during the last trading session. The last session’s volume was 2,964,049 compared to its average daily volume of 3.20M shares. The company has its outstanding shares of 277.33M. The Servicesstock showed a change of -0.99% from opening and finally closed at $58.90 by scoring -0.34%.