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News Breaks
April 11, 2014
11:47 EDTHDS, GWW, FASTFastenal 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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February 11, 2016
08:02 EDTGWWGrainger reports January daily sales up 4%
Grainger reported daily sales results for the month of January 2016. Company daily sales increased 4% in January of 2016 versus January of 2015. The sales growth included a 4 percentage point contribution from Cromwell Group Limited, acquired September 1, 2015, and a 2 percentage point reduction from foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales grew 2 percent driven by a 3 percentage point increase in volume and a 2 percentage point benefit from holiday timing, partially offset by a 2 percentage point decline in price and a 1 percentage point decline from sales of Ebola related safety products recorded in 2015 that did not repeat.
February 4, 2016
11:46 EDTFASTOptions with increasing put volume
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