Tag: Industrial Support Services

 Industrial supplies distributor Fastenal on Monday reported quarterly net income below Wall Street estimates, while revenue was ​in line with expectations, on stronger pricing and ‌steady demand for its fasteners from manufacturing customers.

Fastenal (FAST) reported higher third-quarter sales, shrugging off a difficult industry backdrop driven by reduced construction activity.

That’s a relief for investors looking for signs that manufacturing growth in the U.S. is turning a corner.

Results from industrial distributor Fastenal 0.29% show things in this economy are challenging, but getting a little better. Improvement is a good thing.

Industrial distributor Fastenal missed Wall Street’s second-quarter earnings estimates. The stock was falling in premarket trading. Results show that the manufacturing economy isn’t out of the woods yet.