Earnings and Revenue Projections - Wall Street analysts expect Fastenal to post quarterly earnings of $0 48 per share, indicating a year-over-year increase of 4 4% [1] - Revenues are projected to be $1 85 billion, up 5% from the year-ago quarter [1] - The consensus EPS estimate has remained unchanged over the last 30 days, reflecting analysts' reassessment of initial estimates [1] Key Metrics Analysis - The consensus estimate for 'Business days' is 63 00 Days, compared to 62 Days in the same quarter last year [4] - Analysts predict 'Daily sales' to average $29 37, up from $28 40 in the year-ago quarter [4] - The 'Number of in-market locations' is expected to reach 3,620, compared to 3,419 in the same quarter last year [4] - 'Weighted FASTBin/FASTVend signings' are projected at 6,407, up from 5,462 in the year-ago quarter [5] - The 'Number of branch locations' is estimated at 1,598, slightly up from 1,597 in the same quarter last year [5] - Analysts expect 'Number of active Onsite locations' to reach 2,023, compared to 1,822 in the previous year [6] - 'Weighted FASTBin/FASTVend installations' are projected at 125,874, up from 113,138 in the same quarter last year [6] Stock Performance and Market Comparison - Fastenal shares have experienced a -6 7% change in the past month, underperforming the -3 5% move of the Zacks S&P 500 composite [7] - With a Zacks Rank 4 (Sell), Fastenal is expected to underperform the overall market in the near future [7]

Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period. Fastenal projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier, according to data from Benzinga Pro.On Dec. 11, Stifel analyst Brian Butler downgraded Fastenal from Buy to Hold and maintained the price ...

As a dividend growth investor, I want to own names that have a long history of paying dividends. When looking for a potential investment, I want to own industry leaders that have a demonstrated history of paying and raising dividends. I alsoI've written about investing for Seeking Alpha since 2015 and for Sure Dividend since 2018. I focus primarily on owning shares of companies that have demonstrated long histories of dividend growth. These types of companies have largely proven successful at raising divide ...

For Immediate ReleaseChicago, IL – November 15, 2024 – Today, Zacks Equity Research The Home Depot Inc. (HD) , Lowe's Companies (LOW) , Fastenal Co. (FAST) , Beacon Roofing Supply (BECN) and Tecnoglass (TGLS) .Industry: Retail Building ProductsLink: https://www.zacks.com/commentary/2370313/5-retail-building-products-stocks-set-to-thrive-amid-industry-recoveryParticipants in the Zacks Building Products – Retail industry are poised to benefit from technological initiatives to enhance the e-commerce experience ...

Fastenal Company (FAST) recently released its October sales report, wherein average daily sales or ADS grew 2.8% year over year to $30.1 million, moderating sequentially but improving annually. In the prior month, daily sales registered 3.2% growth, and in the year-ago period, the same registered a 1.9% increase.The ADS is lower than the historical October daily sales growth average of down 2.1% month over month between 2018 and 2023 (excluding 2020).Net sales in October 2024 were $692.8 million, reflecting ...

Have you looked into how Fastenal (FAST) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this maker of industrial and construction fasteners, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. ...

Financial Performance - Net sales for the nine-month period ended September 30, 2024, increased by 2.4% to $5,721.5 million compared to $5,588.1 million in 2023[43] - Gross profit for the three-month period ended September 30, 2024, was $858.6 million, representing a 1.3% increase from $847.6 million in 2023[43] - Operating income for the nine-month period in 2024 decreased by 0.8% to $1,165.2 million compared to $1,174.9 million in 2023[43] - Daily sales for the three-month period ended September 30, 2024, were $29.8, a 1.9% increase from $29.3 in 2023[48] - Net income for Q3 2024 was $298.1 million, a 0.9% increase compared to Q3 2023, with diluted net income per share remaining unchanged at $0.52[63] - Net income for the first nine months of 2024 was approximately flat at $888.5 million, with diluted net income per share unchanged at $1.55[93] Sales and Growth - The number of active Onsite locations increased by 2.7% to 1,986 compared to 1,934 in Q2 2024[44] - The company opened 7 branches in the nine-month period of 2024, compared to 8 in the same period of 2023[45] - The company expects to see an increase in the rate of in-market location growth as it continues to open Onsites while stabilizing its traditional branch network[45] - National accounts represented 62.7% of sales in the first nine months of 2024, showing a 5.9% increase compared to the previous year[79] - Daily sales through eBusiness grew by 27.9%, representing 29.1% of total sales in the first nine months of 2024[82] Expenses and Margins - Gross profit margin decreased to 44.9% in Q3 2024 from 45.9% in Q3 2023, impacted by unfavorable customer mix and higher import duties[57] - SG&A expenses as a percentage of net sales decreased to 24.6% in Q3 2024 from 25.0% in Q3 2023, with total SG&A expenses increasing by 2.1%[58] - Operating income as a percentage of net sales decreased to 20.3% in Q3 2024 from 21.0% in Q3 2023[63] - SG&A expenses increased to 24.8% of net sales in the first nine months of 2024, up from 24.7% in the same period of 2023[84] Cash Flow and Investments - Net cash provided by operating activities decreased by 23.5% to $296.9 million in Q3 2024 compared to $388.1 million in Q3 2023[64] - Net cash provided by operating activities decreased by $91.2 million in Q3 2024 compared to Q3 2023, primarily due to inventory changes[65] - Net cash provided by operating activities decreased by 17.4% to $890.5 million in the first nine months of 2024 compared to $1,078.7 million in the same period of 2023[94] - Net cash used in investing activities increased by 22.5% to $157.0 million in the first nine months of 2024, primarily due to higher capital expenditures[96] - Cash returned to shareholders in the form of dividends was $223.4 million in Q3 2024, up from $199.8 million in Q3 2023[71] Inventory and Receivables - Accounts receivable increased to $1,200.6 million in September 2024, a $29.7 million increase or 2.5% from September 2023[67] - Inventories rose to $1,559.5 million, reflecting a $45.7 million increase or 3.0% year-over-year, driven by sales growth and stock additions[67] Market and Economic Factors - The estimated effect on net income related to import shipping costs was favorable between $14.0 million to $18.0 million in the first nine months of 2024[101] - Commodity steel prices had an immaterial effect on net income during the first nine months of 2024, with prices at or slightly below the prior year period[101] - Energy prices were below the prior year period, and the estimated effect on net income related to commodity energy prices was immaterial in the first nine months of 2024[101] - Changes in foreign currency exchange rates were immaterial for the first nine months of 2024, with primary exposure to the Canadian dollar[101] Debt and Interest - Total debt decreased to $240.0 million at the end of Q3 2024, representing 6.3% of total capital, down from $260.0 million or 7.0% a year earlier[71] - Net interest expense decreased to $1.4 million in the first nine months of 2024 from $7.1 million in the same period of 2023[91]

Fastenal Company (NASDAQ: FAST ) is a leader in the distribution of industrial and construction supplies. The company has a market cap of more than $40B and employs more than 21,000 people. Fastenal had its initial public offering in early I have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way up to a management role. Dividend investing is a personal hobby and I ...

Fastenal Today | --- | |----------------------| | | | FAST | | Fastenal | | $76.82 | | +6.83 (+9.76%) | | 52-Week Range $56.41 | | ▼ | | $79.04 | | Dividend Yield 2.03% | | P/E Ratio 38.22 | | Price Target $68.89 | Add to Watchlist Fastenal NASDAQ: FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive result ...

Key Takeaways Fastenal shares jumped Friday after the maker of fasteners and other construction and hardware equipment reported higher revenue despite disruptions from Hurricane Helene in the latest quarter. The company credited the results to sales at its onsite locations, especially those opened in the last two years. The news sent shares of Fastenal up nearly 10% to their highest level since April. Fastenal (FAST) shares were the top gainer in the S&P 500 Friday after the maker of fasteners and other ind ...