Industrial and construction supplies provider Fastenal Co. (FAST) posted higher first-quarter net earnings of $109.05 million, or $0.37 per share, compared with last year's $100.19 million, or $0.34 per share.
The firm clocked net sales of $806.33 million in the quarter, an increase from $768.88 million in the prior-year quarter.
On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.37, on $815.10 million revenue for the quarter. Analysts' estimates typically exclude one-time items.
In addition, Fastenal's board declared a dividend of $0.20 per share to be paid in cash on May 30, 2013 to shareholders of record at the close of business on May 2, 2013. The company currently has authority to buy up to 1.8 million common shares.
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