Fastenal: Q2 Earnings Insights

Shares of Fastenal FAST fell 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were unchanged 0.00% over the past year to $0.42, which beat the estimate of $0.41.

Revenue of $1,507,700,000 declined by 0.09% year over year, which missed the estimate of $1,510,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Fastenal hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 13, 2021

Time: 10:00 AM

ET Webcast URL: https://investor.fastenal.com/events-and-presentations/event-details/2021/June-2021-Sales-Releasebr2021-Second-Quarter-Earnings-Release/default.aspx

Recent Stock Performance

52-week high: $54.76

Company's 52-week low was at $42.38

Price action over last quarter: Up 7.69%

Company Profile

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 2,000 branches, over 1,250 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.