(Reuters) -Industrial supplies maker Fastenal on Monday beat Wall Street estimates for second-quarter profit and revenue, helped by higher demand for its safety supplies.
Shares of the Winona, Minnesota-based company rose 5% in premarket trading following the results.
The nuts and bolts maker said more of its customers, which include factories, warehouses and construction sites, among others, crossed the threshold of $10,000 per month in purchases.
While the threat of President Donald Trump’s tariffs led businesses to front-load goods in the first quarter, it also prompted firms to avoid major investments in sectors such as construction, affecting demand for Fastenal’s core products.
“With industrial production still sluggish in the second quarter of 2025, the performance of our fastener product line continued to lag our non-fastener product lines,” the company said in its release.
Sales in its non-fastener product lines, which include industrial supplies such as protective wear and communication equipment, rose 9.5% in the second quarter, compared with a rise of 4.2% a year ago.
The company posted quarterly profit of 29 cents per share, exceeding Wall Street estimates of 28 cents per share, according to data compiled by LSEG.
Its total second-quarter revenue rose 8.6% to about $2.08 billion, compared with expectations of $2.07 billion.
(Reporting by Anandita Mehrotra and Aishwarya Jain in Bengaluru; Editing by Shreya Biswas)
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