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April 11, 2014
06:55 EDTFASTFastenal reports Q1 EPS 38c, consensus 38c
Reports Q1 revenue $876.50M, consensus $869.99M; Reports Q1 daily sales rose 8.7%.
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January 15, 2015
10:42 EDTFASTFastenal says 'feels very good' about ability to get good margins
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10:11 EDTFASTFastenal says sales trends 'bode well' for 2015
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07:07 EDTFASTFastenal reports Q4 and FY14 sales trends
Fastenal's Q4 increase in net sales came primarily from higher unit sales. Net sales were impacted by slight inflationary price changes in non-fastener products and some price deflation in fastener products, but the net impact was a drag on growth. Growth in net sales was not meaningfully impacted by the introduction of new products or services, with one exception. The higher unit sales resulted primarily from increases in sales at older store locations and to a lesser degree the opening of new store locations in the last several years. Since May, stores opened greater than five years have enjoyed double digit growth in every month. The non-fastener business demonstrated greater relative resilience over the last several years vs. the fastener business and the distribution industry in general, due to the company's industrial vending program. However, this business was not immune to the impact of a weak industrial environment. During 2014, the company closed 52 stores in total. The company chose to close this group not because of unprofitability but because it felt this was a better approach to growing the business profitably. The company estimates a normal gross profit percentage for the business is around 51% and targets a range of 51% to 52%. During FY14 and Q4 of 2014, gross profit dropped below 51%, centered on transactional impacts driven by product and customer mix, its strong emphasis on growing average store sales and, in Q4, with seasonality.
06:52 EDTFASTFastenal reports Q4 EPS 40c, consensus 39c
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January 14, 2015
17:07 EDTFASTFastenal raises quarterly dividend to 28c from 25c per common share
The Fastenal Company reported its board declared a dividend of 28c per share to be paid in cash on February 27 to shareholders of record at the close of business on January 30.
15:27 EDTFASTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Citigroup (C), consensus 11c; Bank of America (BAC), consensus 32c; Charles Schwab (SCHW), consensus 24c; Fastenal (FAST), consensus 39c.
14:22 EDTFASTFastenal technical comments ahead of results
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January 13, 2015
11:54 EDTFASTFastenal January volatility increases into Q4 and outlook
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