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Fastenal Company (NASDAQ:FAST) early Wednesday posted first quarter earnings results that met analyst expectations, also noting that its monthly sales rose significantly from last year.
The Winona, MN-based industrial and construction supplies distributor reported Q1 earnings per share (EPS) of $0.46, which was in-line with the Wall Street consensus estimate of $0.46.

Revenues rose 6.2% from last year to $1.05 billion, slightly topping analysts’ view for $1.04 billion.

FAST also noted that March monthly sales jumped 8.4% year-over-year, and offered some new details on a recent acquisition it made:
On March 31, 2017, we acquired certain assets and assumed certain liabilities of Manufacturers Supply Company (Mansco). We funded the cash purchase price for the Mansco acquisition with the proceeds from a new series of senior unsecured promissory notes under our master note agreement. The March 31, 2017 balance sheet and the first quarter of 2017 condensed consolidated statement of cash flows include the impact of this acquisition; however, no income statement impact was recognized given the closing occurred on the last day of the quarter.
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