$FAST (Fastenal Company)

$FAST {{ '2016-04-12T11:51:47+0000' | timeago}} • Announcement

Winona, Minnesota-based $FAST posted 1Q16 net earnings of $126.23MM, which were down 1.1% from last year. Diluted net EPS was $0.44 as compared to $0.43 in 1Q15. Net sales rose 3.5% from last year to $986.7MM.

$FAST {{ '2018-01-17T19:34:14+0000' | timeago}} • Announcement

Industrial supplies company $FAST said its net sales grew 9% YoY to $323MM in December 2017. Daily average sales advanced 15% annually to $16.2MM, with sales in the US and the whole of North America growing 13% and 15% respectively. The company had 20,565 employees at the end of the month, up 5% compared to last year.

$FAST {{ '2018-01-17T17:32:36+0000' | timeago}} • Webcast

$FAST said its fastener division registered lower margin due to higher expenses in 4Q17, when profitability was impacted by the tax legislation. The company is aggressively investing in its onsite and e-commerce initiatives, and expects  inventory position to improve further in 2018. Fastenal targets to sign 21000-23000 vending devices this year.

$FAST {{ '2018-01-17T14:52:23+0000' | timeago}} • Infographic

$FAST Fastenal Company Earnings AlphaGraphic: Q4 2017 Highlights

$FAST {{ '2018-01-17T12:56:36+0000' | timeago}} • Announcement

$FAST, a distributor of industrial supplies, said its 4Q17 profit rose sharply, helped by higher sales and benefits of the tax reform. Earnings advanced 32% YoY to $152MM or $0.53 per share. Sales grew 15% to $1.1Bil as strong demand resulted in an increase in new product signings. Daily sales of fastener products registered a double-digit growth.

$FAST {{ '2017-11-06T13:37:52+0000' | timeago}} • Announcement

$FAST reported net sales of $399.6MM for October 2017, up 19.2% from October 2016. Daily sales came in at $18.1MM, up 13.8% from the prior-year period. The company had 2,420 branch locations as of the end of October 2017.

$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%.

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