Key PointsFastenal had a challenging quarter, but its diversified model produced growth and solid cash flow. Dividends are safe and growing, a special dividend is possible, and analysts support the market. The stock price may fall more now, but a bottom will be reached soon, and longer-term gains are coming. 5 stocks we like better than FastenalDividend Aristocrat Fastenal NASDAQ: FAST fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has ...

Key TakeawaysFastenal missed first-quarter profit, sales, and operating profit margin estimates, which it attributed to weaker demand because of a soft manufacturing sector.The company also said bad weather and a "tricky calendar" had negative impacts on results.Sales of fasteners declined 4.4% from the year earlier. Shares of Fastenal (FAST) slipped Thursday as the distributor of fasteners and tools attributed lower-than-expected quarterly results to weakness in the manufacturing sector. The company report ...

Fastenal Company (NASDAQ:FAST) Q1 2024 Earnings Conference Call April 11, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Dan Florness - President & Chief Executive Officer Holden Lewis - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Chris Snyder - UBS Stephen Volkmann - Jefferies Jacob Levinson - Melius Research Patrick Baumann - JPMorgan Ryan Merkel - William Blair Operator Hello, and welcome to the Fastenal 2024 Q1 Earn ...

Fastenal Company’s (FAST) shares lost more than 5.7% in the pre-market trading session on Apr 11, 2024, after it reported first-quarter 2024 results. Earnings and net sales missed the Zacks Consensus Estimate. The adverse weather conditions and the impact of customer and product mix have affected Fastenal's quarterly results.Earnings & Sales in DetailThe company reported earnings per share (EPS) of 52 cents, which missed the consensus mark by a penny and remained flat from the year-ago period.Net sales tota ...

Fastenal (FAST) reported $1.9 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.9%. EPS of $0.52 for the same period compares to $0.52 a year ago.The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $1.91 billion. With the consensus EPS estimate being $0.53, the EPS surprise was -1.89%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Fastenal (FAST) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.89%. A quarter ago, it was expected that this maker of industrial and construction fasteners would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.Over the l ...

• 1Q24 operating cash flow was $335.6, or 112.7% of net income, below 1Q23 (131.7%) but in line with historical first quarter conversion rates. In 1Q23 we were just beginning to unwind layers of stock that we had built to address supply chain constraints. In 1Q24 that process is largely complete, so rates of inventory decline have slowed. • Accounts receivable rose 5.5% from 1Q23 to support customer growth and as a result of a continued shift in our sales mix toward larger customers. Inventory fell 9.4% fro ...

Wall Street analysts expect Fastenal (FAST) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year increase of 1.9%. Revenues are expected to be $1.92 billion, up 3.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give ...

Fastenal (FAST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 11. On t ...