Fastenal (Nasdaq: FAST) reported earnings on July 10. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Fastenal met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew.

Margins grew across the board.

Revenue details
Fastenal booked revenue of $847.6 million. The 11 analysts polled by S&P Capital IQ anticipated a top line of $857.1 million on the same basis. GAAP reported sales were 5.3% higher than the prior-year quarter's $804.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.41. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.41 per share. GAAP EPS of $0.41 for Q2 were 7.9% higher than the prior-year quarter's $0.38 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 52.2%, 60 basis points better than the prior-year quarter. Operating margin was 22.6%, 40 basis points better than the prior-year quarter. Net margin was 14.3%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $883.3 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $3.40 billion. The average EPS estimate is $1.59.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is outperform, with an average price target of $49.71.

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