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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:47 EDTFAST, GWW, HDSFastenal slips despite better than expected Q1 sales
Shares of industrial and construction supply retailer Fastenal (FAST) are lower after the company reported first quarter earnings per share which matched analysts' consensus and first quarter revenue that surpassed analysts' expectations. WHAT'S NEW: Fastenal's first quarter earnings per share of 38c mirrored analysts' consensus, while its revenue of $876.5M beat analysts' consensus of about $870M. Fastenal said that first quarter daily sales increased 8.7%. WHAT'S NOTABLE: During the company's earnings conference call, Fastenal said its business in January and February were "heavily" impacted by the winter weather. The company said it took a step back in the first quarter, but is very focused on 23% pre-tax growth. Fastenal said heavy equipment was very challenging for the company through FY13, though it is now seeing some nominal improvement in that business. If the situation is right, the company said it is open to future M&A opportunities. OTHERS TO WATCH: Other industrial products distributors include W.W. Grainger (GWW) and HD Supply (HDS). PRICE ACTION: During morning trading, shares of Fastenal slipped 95c or $1.87% to $49.75. Year-to-date, the stock is up a bit more than 4%.
News For FAST;GWW;HDS From The Last 14 Days
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September 17, 2014
09:06 EDTHDSHD Supply announces new Houston distribution center
HD Supply Facilities Maintenance announced the opening of its newest distribution center, or DC, located at 10565 Greens Crossing Blvd in Houston. The new 500,000-square foot facility doubles the size of the company's presence in the Houston market, providing customers throughout Texas and Louisiana with a comprehensive selection of locally stocked maintenance supplies. The facility will employ more than 100 associates when fully staffed, bringing new job opportunities to the Houston area.
September 12, 2014
08:42 EDTHDSHD Supply 20M share Spot Secondary priced at $27.65
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08:23 EDTGWWGrainger says September sales-to-date 'running in line' with August growth
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08:02 EDTGWWGrainger reports August daily sales up 7%
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September 11, 2014
16:30 EDTHDSHD Supply announces sale of 20M shares of common stock by holders
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16:14 EDTHDSHD Supply files to offer common stock, no amount given
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08:46 EDTFASTFastenal initiated with a Neutral at Northcoast
September 9, 2014
09:12 EDTHDSOn The Fly: Pre-market Movers
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08:07 EDTHDSHD Supply receives Civil Investigative Demand in disadvantaged business probe
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06:03 EDTHDSHD Supply reports August preliminary sales $785M
Preliminary August year-over-year average daily sales growth by business is Facilities Maintenance 9.2 percent, Waterworks 10.2%, Power Solutions 7.4%, and Construction & Industrial White Cap 16.8%.
06:02 EDTHDSHD Supply sees Q3 adjusted EPS 48c-55c, consensus 52c
Sees Q3 revenue $2.43B-$2.5B, consensus $2.45B
06:01 EDTHDSHD Supply reports Q2 adjusted EPS 51c, consensus 47c
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September 8, 2014
15:27 EDTHDSNotable companies reporting before tomorrow's open
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