Fastenal Co

FAST: XNAS (USA)

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Fastenal Earnings: End Markets Remain Muted but We Still Think Long-Term Growth Is Intact

Woldemariam Dawit

Apr 11, 2024

Fastenal reported first-quarter earnings largely in line with our expectations, leading us to maintain our $50 fair value estimate. The time value of money would’ve added $1 to our fair value estimate, but this was offset by us lowering our 2024 sales estimate.

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Fastenal Co

Fastenal Earnings: End Markets Remain Muted but We Still Think Long-Term Growth Is Intact

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