Fastenal Continues to Make Progress With New Growth Segments
When industrial and construction supplier Fastenal Company (NASDAQ: FAST) reported second quarter earnings last month, some investors were disappointed as they pointed to the results as a harbinger of declining market conditions for the manufacturing segment.
In fact, management acknowledged as much, saying, "While general economic activity remained positive, we did see slowing in the second quarter of 2019 relative to activity levels experienced in the first quarter of 2019."
Source: Fastenal Company
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