$FAST (Fastenal Company)

$FAST {{ '2016-04-25T09:16:27+0000' | timeago}} • SEC

Industrial and construction supplies distributor $FAST said its net sales increased in 1Q16, primarily due to higher unit sales which resulted from increase in sales at older store locations and to the opening of new store locations. In 1Q16, the impact of seasonal plant shutdowns subsided.

$FAST {{ '2017-10-11T15:34:23+0000' | timeago}} • Webcast

$FAST said 3Q17 had one day less compared to the year-ago quarter, which negatively impacted its revenues and margins. Fastenal attributed the acceleration in sales growth in the final month of 3Q17 to recapturing of the market share it had lost in Houston earlier.

$FAST {{ '2017-10-11T15:02:01+0000' | timeago}} • Webcast

$FAST said it is targeting 275-300 Onsite signings per quarter, going forward. The company will resort to appropriate ‘price action’ whenever it feels such action is necessary to protect the level of profitability. In 4Q17, a minor drag on gross margin is anticipated due to impact of the recent hurricanes and seasonal factors.

$FAST {{ '2017-10-11T14:36:37+0000' | timeago}} • Webcast

$FAST said its sales performance exceeded expectations for the 9th consecutive quarter in 3Q17, when the company signed a record number of deals. Fastenal managed to achieve expense leverage, despite investing heavily in its Onsite business in recent quarters. The latest operating margin was a record for any third quarter in the company's history.

$FAST {{ '2017-10-11T13:14:55+0000' | timeago}} • Infographic

$FAST Fastenal Company Earnings AlphaGraphic: Q3 2017 Highlights

$FAST {{ '2017-10-11T11:28:42+0000' | timeago}} • Announcement

Sales of $FAST’s vending machines grew at a double-digit pace in 3Q17, helped by an increase in the installed base, contributing significantly to the overall growth. Daily sales of fastener products advanced 12% during the quarter, while those of non-fastener products went up by 15%.

$FAST {{ '2017-10-11T11:17:36+0000' | timeago}} • Announcement

$FAST, a distributor of industrial supplies, reported a 13% gain in 3Q17 profit as robust demand, led by industrial vending machines, resulted in strong topline growth. Earnings advanced to $0.50 per share from $0.44 per share last year, and sales rose 12% to $1.13Bil. Driving the positive results, daily sales grew 15%, continuing the recent trend.

$FAST {{ '2017-10-10T22:23:48+0000' | timeago}} • Announcement

$FAST declared a dividend of $0.32 per share to be paid in cash on November 22, 2017 to shareholders of record on October 25, 2017.

$FAST {{ '2017-09-07T14:51:12+0000' | timeago}} • Announcement

$FAST reported net sales of $411.4MM in August 2017, up 12.8% from $364.8MM in August 2016. There were 23 business days in August 2017. Daily sales for August 2017 totaled $17.8MM, up 12.8% from $15.8MM in August 2016. The total number of branch locations stands at 2,454.

$FAST {{ '2017-08-04T12:05:01+0000' | timeago}} • Announcement

Industrial supplies company $FAST reported a 13% annual growth in net sales for July 2017. Daily sales increased to $17.5MM from $$15.5MM in July 2016. Daily sales in the manufacturing division grew 14.2%, and those in the non-residential construction division grew 6.6%.

$FAST {{ '2017-07-12T15:07:28+0000' | timeago}} • Webcast

$FAST said some incremental pricing might slip into 3Q17 before the costs catch up in 4Q17. The company, meanwhile, declined to give specifics on gross margin for these quarters, citing a mix of influencing factors.

$FAST {{ '2017-07-12T13:10:57+0000' | timeago}} • Infographic

$FAST Fastenal Company Earnings AlphaGraphic: Q2 2017 Highlights

$FAST {{ '2017-07-12T12:05:13+0000' | timeago}} • Announcement

Industrial supplies company $FAST reported 13% YoY growth in net sales in June, 2017, to $394.3MM. Daily sales growth was 12.5% in the US and 12.9% in North America during this period.

$FAST {{ '2017-07-12T11:21:51+0000' | timeago}} • Announcement

During 2Q17, $FAST purchased 1.3MM shares of its common stock at an average price of approx $43.62 per share.

$FAST {{ '2017-07-12T11:19:32+0000' | timeago}} • Announcement

$FAST's daily sales of fastener products represented 36.1% of sales in 2Q17. It grew 7.9% in total, of which, 3.6 percentage points were attributable to the recently acquired Manufacturers Supply Company business. Its daily sales of non-fastener products, which represented 63.9% of sales, grew 12.2%.

$FAST {{ '2017-07-12T11:15:50+0000' | timeago}} • Announcement

Wholesale distributor of industrial and construction supplies $FAST reported 10.6% growth in revenue in 2Q17 to $1.12Bil, driven primarily by higher unit sales. Net earnings improved to $148.9MM, or $0.52 per share, compared to $131.5MM, or $0.45 per share. Operating income, as a percentage of net sales, improved to 21.2% from 20.6%.

$FAST {{ '2017-07-11T22:02:14+0000' | timeago}} • Announcement

$FAST declared a dividend of $0.32 per share to be paid on August 23, 2017 to shareholders of record on July 26, 2017.

$FAST {{ '2017-05-04T17:07:46+0000' | timeago}} • Announcement

$FAST reported net sales for the month of April 2017 of $343.75MM, up 3.7% from last year.  Daily sales grew 8.9% to $17.19MM from $15.79MM.

$FAST {{ '2017-04-12T14:40:12+0000' | timeago}} • Webcast

$FAST said for the bulk of its business, the gross margins range from mid 30s to low 60s. The company also has a low cost structure for freight. $FAST tries to offset gross margin reduction through better sourcing, lowering of trucking costs and growing its exclusive brand offerings.

$FAST {{ '2017-04-12T14:27:45+0000' | timeago}} • Webcast

$FAST's gross profit, as a percentage of net sales, declined 40BP to 49.4% in 1Q17. The most significant reason for the decline in gross profit was a change in customer and product mix. Higher freight expenses and expenses related to the final stage of a new inventory tracking system also contributed to the lower gross profit.

$FAST {{ '2017-04-12T14:19:47+0000' | timeago}} • Webcast

$FAST signed 64 new Onsite locations in 1Q17, an increase of 33.3% versus 1Q16. The company currently has 437 active Onsite locations which is a 51% increase from last year. $FAST aims to sign 275-300 Onsites in 2017. The company also aims to sign 22,000-24,000 vending machines in 2017.

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