Strong manufacturing economy helps Fastenal’s earnings | Chinafastener .info

Article by · 2018/10/31 ·

As production at factories and construction sites has picked up to levels not seen in years, the need for supplies from Fastenal has increased, producing a third quarter with double-digit sales increases. Still, its stock was trading down more than 5 percent in midday trading because it also said its profit margins had thinned some because of higher freight costs and greater employee costs.(…)

via Strong manufacturing economy helps Fastenal’s earnings.