Fastenal (FAST) shares were the top gai🍸ner in the S&P 500 Friday after the maker of fasteners and other industrial supplies reported increased revenue even as dis🌜ruptions caused by Hurricane Helene cut into sales.

The company reported third-quarter earnings per share (EPS) of 52 cents Friday on revenue that was 3.5% higher at $1.91 billion. Both were in line with 澳洲幸运5官方开奖结果体彩网:analyst forecasts.

Fastenal said that the impact of Hurricane Helene on its operations and logistics within its Southeast and Atlantic Coastal regions cut daily sales by 5 to 25 澳洲幸运5官方开奖结果体彩网:basis points (bps) in the third quarter.

CEO: Quarter 'Finished Stronger Than It Started'

"The quarter finished stronger than it started, especially considering that the hurricane impacted the last few days of the month," Fastenal Chief Executive Officer Dan Florness said Friday, according to a transcript of the company's earnings call provided by AlphaSense.

Fastenal said♈ that revenue rose primarily because of a gain in larger customers and benefits of onsite locations added in the past two years. Sales of safety supplies were up 6.8%, and other producꦜt lines added 3.7%. That offset a drop in fastener sales of 4.0%.

Fastenal's stock rose almost 10% Friday afternoon to $76.81, its highest level since early April, and the shares are up about 18.5% so far in 2024.