Fastenal Co

FAST: XNAS (USA)
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Fastenal Earnings: Solid Execution Offsets Uncertain Manufacturing Environment; FVE Unchanged

Fastenal's first-quarter daily sales increased 5% from the prior year after adjusting for the impact of selling days, while earnings per share was flat year over year at $0.52. Both measures were roughly in line with our expectations and reflect continued weakness in industrial activity.

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