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Fastenal beats quarterly estimates on robust demand for industrial safety products
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Fastenal beats quarterly estimates on robust demand for industrial safety products
Jul 14, 2025 5:06 AM

July 14 (Reuters) - Industrial supplies maker Fastenal ( FAST )

on Monday beat Wall Street estimates for second-quarter

profit and revenue, helped by higher demand for its safety

supplies.

Shares of the Winona, Minnesota-based company rose 5% in

premarket trading following the results.

The nuts and bolts maker said more of its customers, which

include factories, warehouses and construction sites, among

others, crossed the threshold of $10,000 per month in purchases.

While the threat of President Donald Trump's tariffs led

businesses to front-load goods in the first quarter, it also

prompted firms to avoid major investments in sectors such as

construction, affecting demand for Fastenal's ( FAST ) core products.

"With industrial production still sluggish in the second

quarter of 2025, the performance of our fastener product line

continued to lag our non-fastener product lines," the company

said in its release.

Sales in its non-fastener product lines, which include

industrial supplies such as protective wear and communication

equipment, rose 9.5% in the second quarter, compared with a rise

of 4.2% a year ago.

The company posted quarterly profit of 29 cents per share,

exceeding Wall Street estimates of 28 cents per share, according

to data compiled by LSEG.

Its total second-quarter revenue rose 8.6% to about $2.08

billion, compared with expectations of $2.07 billion.

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