Fastenal CompanyFAST reported adjusted earnings of 44 cents per share in the first quarter of 2016, in line with the Zacks Consensus Estimate. The non-fastener business also weakened over the last few months as improved vending trends were offset by overall weakness in the industrial environment. However, sales were hurt by price deflation of fastener products and unfavorable currency translation.The top line was also adversely impacted by lower sales to its customers in the oil & gas industry, a stronger U.S dollar and overall weakness in the industrial economy.