Fastenal reports EPS of $0.43 for Q4 to beat estimates of $0.42
jetcityimage/iStock Editorial via Getty Images

Fastenal (NASDAQ:FAST) on Thursday reported a bigger profit with EPS rising 7.1% from a year earlier to $0.43 in Q4, beating the consensus estimate of $0.42.
Net sales for the distributor of industrial and construction supplies advanced 11% to $1.7 billion in the December quarter, beating the consensus estimate of $1.68 billion. For the full year, sales rose 16% to $6.98 billion.
Fastenal (FAST) attributed the growth to demand from customers in industrial capital goods and commodities that more than offset weakness in consumer products and lower growth in construction activity.
Shares of Fastenal (FAST) were little changed in premarket trading. The stock fell 19% for the 12-month period ended on January 18, compared with a 14% decline for the Standard & Poor's 500 stock index (SP500).