New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 11, 2014
10:16 EDTFASTFastenal to close 45 stores in 2H14
Says feels "very good" with what the company has done in terms of sales so far this year. Says believes vending opportunity will be a 'big part' of the company's future. Says has very good sales momentum and has "great momentum" overall for the company going into the 2H14. Says needs to continue to work hard on the company's margins. Says will continue to invest heavily in distribution infrastructure and vending. During 2013 and 1H14, the company incurred some short-term debt to fund CapEx and dividends. This was expected and is expected to continue throughout the remainder of FY14 and possibly FY15. Comments made during the company's Q2 earnings conference call.
News For FAST From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 23, 2014
11:52 EDTFASTFastenal management to meet with William Blair
Subscribe for More Information
October 22, 2014
15:30 EDTFASTFastenal management to meet with William Blair
Subscribe for More Information
October 14, 2014
10:01 EDTFASTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:24 EDTFASTFastenal downgraded to Neutral at Susquehanna
Subscribe for More Information
06:57 EDTFASTFastenal downgraded to Neutral from Positive at Susquehanna
October 10, 2014
10:43 EDTFASTFastenal says will not give Q4 guidance
Subscribe for More Information
10:19 EDTFASTFastenal expects "good" sequential growth going into FY15
Says believes expense growth going forward looks "much better." Believes the company has a lot of opportunity in the next 4-12 quarters to reduce working capital needed for inventory and says it is getting better at using inventory. Says margins appear more stable now than they were earlier in the year. Says if the economy stays steady, the company is in a good profit position. Aims to grow average store size and obtaining top-line growth. Says expense growth "looks good." Says there are "lots of gives and takes in margin" right now. Says Fastener growth has rebound. Says trends year-to-date in the company's overall business are "quite strong" as 2015 approaches. Says heavy equipment operations have stabilized. Says has potential to initiate share buybacks. Comments made during the company's Q3 earnings conference call.
07:47 EDTFASTFastenal cuts view of 'normal' gross profit range to 51%-52%
Subscribe for More Information
06:54 EDTFASTFastenal reports July sales growth up 14.7%, August sales growth up 15%
Subscribe for More Information
06:52 EDTFASTFastenal: Sales growth greatest driver of long-term operating profit gains
Subscribe for More Information
06:50 EDTFASTFastenal reports Q3 EPS 45c, consensus 45c
Reports Q3 revenue $980.81M, consensus $980.1M

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use