Fastenal Company Posts Higher Q2 Results; Matches EPS Estimates (FAST)

Before the opening bell on Friday morning, Fastenal (FAST) reported its second quarter results, posting gains in sales and earnings compared to last year’s Q2.

FAST’s Earnings in Brief

Fastenal reported second quarter net sales of $949.94 million, which are up 10.4% from last year’s Q2 sales of $847.6 million. Net earnings for the quarter came in at $130.5 million, or 44 cents per share, up  from last year’s Q2 earnings of $121 million, or 41 cents per share. The company's EPS matched analysts’ estimates of 44 cents, but revenue came in slightly below expectations of $952.95.

FAST’s Dividend

Fastenal declared its third quarter dividend of 25 cents on July 10. The dividend is payable on August 22 to all shareholders on record as of July 25.

Stock Performance

FAST stock was inactive in pre-market trading. YTD, the company’s stock is up 3.13%.

FAST Dividend Snapshot

As of Market Close on July 10, 2014

Click here to see the complete history of FAST dividends.