For the three-month period, Fastenal earned 11.9% more at 68 cents per diluted share. The company signed 5,603 industrial vending devices during the first quarter, with its installed device count at 83,410 on March 31, 2019, up 13.4% from a year ago.
ADVERTISEMENT
Fastenal also signed 205 new Onsite locations during the period. Fastenal had 945 active sites on March 31, 2019, up 39.4% year-over-year.
For 2019, Fastenal expects vending device signings at 23,000-25,000 units, and Onsite signings of 375-400.