Fastenal Co

FAST: XNAS (USA)

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Fastenal Earnings: Growth Continues Despite Sluggish End Markets

Brian Bernard

Oct 11, 2024

Fastenal's third-quarter daily and total sales grew 1.9% and 3.5% as greater penetration of onsite locations and inventory-management solutions supported top-line growth. EPS of $0.52 fell $0.01 shy of our forecast as sales mix and lower supplier rebates (due to less volume) weighed on gross margin.

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Fastenal Co

Fastenal Earnings: Growth Continues Despite Sluggish End Markets

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