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Fastenal Co  (FAST)
Other Ticker:  
 
    Sector  Retail    Industry Home Improvement
   Industry Home Improvement
   Sector  Retail
 
Price: $75.7000 $0.67 0.893%
Day's High: $76.11 Week Perf: 0.58 %
Day's Low: $ 75.70 30 Day Perf: 7.91 %
Volume (M): 146 52 Wk High: $ 76.59
Volume (M$): $ 11,125 52 Wk Avg: $59.71
Open: $75.75 52 Wk Low: $50.30



 Market Capitalization (Millions $) 43,284
 Shares Outstanding (Millions) 572
 Employees 20,507
 Revenues (TTM) (Millions $) 7,347
 Net Income (TTM) (Millions $) 1,155
 Cash Flow (TTM) (Millions $) -9
 Capital Exp. (TTM) (Millions $) 173

Fastenal Co

Fastenal Company began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968.

We sell industrial and construction supplies in a wholesale and retail fashion.

Products

Our original product offerings were fasteners and other industrial and construction supplies, many of which are sold under the Fastenal® product name. This product line, which we refer to as the fastener product line, consists of two broad categories: threaded fasteners, such as bolts, nuts, screws, studs, and related washers; and miscellaneous supplies, such as paints, various pins and machinery keys, concrete anchors, batteries, sealants, metal framing systems, wire rope, strut, private-label stud anchors, rivets, and related accessories.

Threaded fasteners are used in most manufactured products and building projects, and in the maintenance and repair of machines and structures. Many aspects of the threaded fastener market are common to all cities. Variations from city to city that do exist typically relate to the types of businesses operating in a market or to the environmental conditions in a market. Therefore, we open each store with a broad selection of base stocks of inventory and then allow the local store and district leaders to tailor the additional inventory to the local market demand as it develops.

Sources of Supply

We use a large number of suppliers for the approximately 825,000 standard stock items we distribute. Most items distributed by our network can be purchased from several sources, although preferred sourcing is used for some stock items to facilitate quality control.

Competition

Our business is highly competitive. Competitors include both large distributors located primarily in large cities and smaller distributors located in many of the same cities in which we have stores. We believe that the principal competitive factors affecting the markets for our products are customer service and convenience.



   Company Address: 2001 Theurer Boulevard Winona 55987 MN
   Company Phone Number: 454-5374   Stock Exchange / Ticker: NASDAQ FAST
   


Customers Net Income grew by FAST's Customers Net Profit Margin grew to

2.43 %

7.98 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HD   -0.7%    
GWW        2.27% 
• View Complete Report
   



Product Service News

Fastenal Company's Distribution Agreement with Laser Photonics Corporation: A Stepping Stone Amidst Challenging Market Conditions

Published Tue, Mar 5 2024 12:00 PM UTC

In an effort to expand its customer base and enhance its distributor network, Laser Photonics Corporation (LPC), a leading global developer of CleanTech laser cleaning systems, has entered into a distribution agreement with the Fastenal Company, North America's largest fastener distributor and provider of industrial technology and products. This collaboration comes at a cruc...

Fastenal Co

Fastenal Co. Faces Profitability Challenges Despite Revenue Growth in Q4 2023

Fastenal Co. may have reported a modest improvement in revenue and earnings for the fourth quarter of 2023, but a closer look at the numbers reveals some troubling signs for the company's future prospects. Despite the slight increase in revenue, the company saw a decline in bottom line earnings per share, indicating that profitability may be becoming more challenging for Fastenal.
One concerning aspect of Fastenal's financials is the decline in net profits for the fiscal year ending December 31, 2023. While the company did see a small increase in net profits compared to the previous year, the growth rate was not significant enough to inspire confidence in the company's ability to sustain its current level of profitability. Additionally, the decline in operating earnings growth to just 6.28% is a red flag that the company may be facing challenges in managing its costs and maintaining margins.

Fastenal Co

Fastenal Co Reports Impressive Revenue and Profit Growth, Exceeding Expectations in Q3 2023



Fastenal Co, a leading industrial distributor, has recently announced its financial results for the July to September 2023 quarter. Despite certain fluctuations, the company reported moderate revenue growth and an improvement in its bottom-line. This article will outline the key facts from the financial results and provide an interpretation of their implications.
Key Facts:
- Revenue: Fastenal Co achieved a 2.397% revenue growth to reach $1.85 billion in the July to September 2023 quarter. However, the revenue decreased by -1.991% compared to the prior period's $1.88 billion.
- Bottom-line: The company's bottom-line grew moderately by 4%, with earnings per share (EPS) remaining unchanged at $0.52 year-on-year.
- Net Income: Fastenal Co reported a net income of $295.5 million, representing an increase of 3.83% from $284.6 million in the same period last year.
- Margins: While the operating margin fell to 20.95%, the net margin of Fastenal Co improved to 16.01% for the fiscal interval closing September 30, 2023.
- Inventories: The decline in inventories from the previous quarter is indicative of potential future demand. Fastenal Co's inventories decreased to $1,513.8 million compared to the same period last year.
- Operating Earnings: Fastenal Co's operating earnings improved by 1.98% to $386.7 million.
- Accounts Receivable: The accounts receivable decreased to $1,171.0 million from the previous quarter, yet it remained higher compared to the same time last year.

Fastenal Co

FAST's Astounding 5.875% Revenue Surge in Q2 2023 Outpaces EPS Growth Amid Economic Upheavals

Fastenal Co Continues to Impress with Growth in Revenue and Profitability
Fastenal Co, a leading industrial and construction supplies distributor, has reported stellar financial results for the three months ending June 30, 2023. The company's revenue increased by an impressive 5.875% from the corresponding reporting period a year prior, reaching $1.88 billion. This growth outpaced the increase in earnings per share (EPS), which only grew by 4%, amounting to $0.52 per share.
Compared to the previous reporting period, revenue increased by 1.291% from $1.86 billion, while the earnings per share remained unchanged. This consistent performance indicates the reliability and stability of Fastenal Co's business model.






 

Fastenal Co's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Fastenal Co does not provide revenue guidance.

Earnings Outlook
Fastenal Co does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
International

Fastenal Co's Operating Statistics Decrease / Increase
       
Number of Stores     
Avg. Sales per Operating Store (thousands $)    Avg. Sales per Operating Store (thousands $) Growth   




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