Fastenal (NASDAQ: FAST) reported its first-quarter results before market open on Monday.
The first-quarter earnings were $0.30 per share, matching the estimate of $0.30, after declining from $0.52 a year earlier.
The company reported first-quarter revenue of $2.2 billion, in line with the estimate of $2.2 billion, compared with $1.96 billion a year earlier.
Fastenal added that first-quarter daily sales increased 12.4 percent year-over-year, driven by share gains and broad-based demand across core end markets, while operating margin was 20.3 percent, up 20 basis points year-over-year.
It also said operating margin reflected operating leverage and cost discipline, partially offset by an ongoing shift in customer mix.
