July 12 - Industrial supplies maker Fastenal ( FAST )

met analysts' estimates for second-quarter profit and posted

higher revenue on Friday, on the back of demand for its safety

products, sending its shares up about 6% in premarket trading.

The Winona, Minnesota-based company makes fasteners, along

with safety supplies such as protective wear, communication

equipment and other crucial hardware products.

Daily sales rate for safety supplies rose 7.1%, while for

fasteners, one of the wholesale distributor's core segments,

fell 3%.

The company said it continued to experience relatively

faster growth with warehousing customers due to market share

gains and product mix, benefiting its safety product line -

which accounted for nearly 21% of its total sales in 2023.

The nuts and bolts maker posted profit of 51 cents per share

in the quarter ended June 30, in line with analysts' average

estimate, according to LSEG data.

Its total revenue for the quarter rose about 1.8% to about

$1.92 billion.