Fastenal Shares Jump After Revenue Rose Despite Hurricane Helene Disruption

Core Insights - Fastenal shares experienced a nearly 10% increase, reaching their highest level since April, following the company's report of higher revenue despite disruptions from Hurricane Helene [1][5] - The company reported third-quarter earnings per share (EPS) of 52 cents on revenue of $1.91 billion, which is a 3.5% increase and aligns with analyst forecasts [2][5] - The impact of Hurricane Helene resulted in a reduction of daily sales by 5 to 25 basis points in the Southeast and Atlantic Coastal regions [3] Revenue Drivers - Revenue growth was attributed to an increase in larger customers and the benefits from onsite locations established in the past two years [5] - Sales of safety supplies rose by 6.8%, while other product lines contributed an additional 3.7%, which helped to offset a 4.0% decline in fastener sales [5] Management Commentary - The CEO noted that the quarter finished stronger than it started, particularly in light of the hurricane's impact on the last few days of the month [4]