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News Breaks
March 21, 2013
06:14 EDTGWWGrainger initiated with a Neutral at Goldman
Target $257.
News For GWW From The Last 14 Days
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April 16, 2014
07:33 EDTGWWGrainger backs FY14 EPS $12.10-$12.85, consensus $12.63
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07:32 EDTGWWGrainger: We are facing near-term economic, foreign exchange headwinds in Canada
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07:31 EDTGWWGrainger reports Q1 EPS $3.07, consensus $2.96
Reports Q1 revenue $2.39B, consensus $2.39B; Reports March sales rose 8%.
April 15, 2014
15:19 EDTGWWNotable companies reporting before tomorrow's open
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10:17 EDTGWWHigh option volume stocks: FSL GDP SPR GWW MHFI
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April 11, 2014
11:47 EDTGWWFastenal 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%.

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