Fastenal Shares Surge After Strong Q3 Earnings Despite Hurricane Impact

The industrial supplier reported a revenue increase, driven by larger customers and new onsite locations, despite disruptions from Hurricane Helene.

Fastenal's revenue rose by 3.5% to $1.91 billion, slightly beating analyst expectations.
The company's earnings per share reached 52 cents, surpassing the forecast of 51 cents.
Hurricane Helene reduced daily sales by 5 to 25 basis points, but the quarter ended stronger than it began.
Sales were bolstered by a 6.8% increase in safety supplies and growth from new onsite locations.
Fastenal's stock climbed nearly 10%, reaching its highest level since April, with shares up 18.5% for the year.