• 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 ...

EXHIBIT 99.1 Fastenal Company Reports 2024 First Quarter Earnings WINONA, Minn., April 11, 2024 (BUSINESS WIRE) -- Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 2024. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded doll ...

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 ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Fastenal Company (FAST) has been benefiting through proficient management of operating expenses and a robust business model. The expansion of Onsite locations, especially those inaugurated in 2023 and 2022, coupled with the inclusion of large customers, has further propelled its growth trajectory. Additionally, Fastenal’s leverage in its digital strategy, onsite/offsite mix and market share gains across its product categories are expected to drive growth.Shares of this Winona, MN-based national wholesale di ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Fastenal (FAST) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a cha ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fastenal (FAST) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Fastenal is a member of the Retail-Wholesale sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of th ...