Welcome to our dedicated page for Fastenal Co news (Ticker: FAST), a resource for investors and traders seeking the latest updates and insights on Fastenal Co stock.
Fastenal Co. (symbol: FAST) is a leading industrial supply company that has grown exponentially since its inception in 1967. Starting from a single store in Winona, Minnesota, Fastenal now operates nearly 2,700 locations globally. Each store delivers tailored local inventory and personal service, ensuring that customers receive the best possible support. The company prides itself on an entrepreneurial culture that empowers employees to run their own businesses, fostering leadership and innovation.
Fastenal serves approximately 400,000 active customers through a comprehensive network of around 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Initially focused on fasteners, this category remains its largest, contributing about 30%-35% of sales. Over the years, the company has diversified its product range, now offering OEM, MRO, and construction supplies, among other categories.
The company provides a variety of supply-chain solutions including vending services and vendor-managed inventory, enhancing operational efficiencies for its customers. Fastenal's decentralized approach allows store personnel the flexibility to source products, make emergency deliveries, and manage inventory with a lean flow, thus ensuring high levels of customer satisfaction.
Fastenal's global operations are supported by robust sourcing, quality, and logistics networks, making each store a local, one-stop solution for industrial needs. The company is committed to continual business improvement, leveraging its services, solutions, and specialist expertise to benefit its diverse clientele.
Latest News: Stay updated with the most recent developments and performance metrics of Fastenal by following the latest news below:
- Source: Fastenal Company
- ---
- ---
- ---
- ---
- Source: Laser Photonics Corporation
- ---
Fastenal Company (NASDAQ:FAST) has announced a conference call set for July 13, 2022, at 9:00 a.m. central time to discuss its 2022 second quarter results and current operations. The call will be available live online, with a webcast archive accessible within an hour post-call until September 1, 2022. Fastenal operates over 3,200 locations across 25 countries, offering a wide range of industrial and safety products. Their approach focuses on local inventory and innovative solutions to enhance supply chain efficiency.
Fastenal Company (Nasdaq:FAST) reported a 20.3% increase in net sales for Q1 2022, amounting to $1,704.1 million, driven by strong demand in manufacturing and construction sectors. Daily sales grew 18.4% year-over-year, with gross profit rising 23.3% to $793.3 million, increasing gross margin to 46.6%. Net earnings reached $269.6 million, a 28% increase, resulting in diluted EPS of $0.47. Operating expenses also rose by 19.9%, but operating income improved 27.7% to $358 million.
Fastenal Company (Nasdaq:FAST) has declared a $0.31 per share cash dividend, payable on May 25, 2022, to shareholders recorded by the close of business on April 27, 2022. Fastenal has a history of dividend payments, having transitioned from annual to semi-annual in 2003, and to quarterly payments in 2011. In the past three years, dividends per share were $1.12 in 2021 and $1.40 in 2020, reflecting the company's commitment to returning value to shareholders. Future dividend payments will depend on the company's financial health and other determining factors.
Fastenal Company (NASDAQ: FAST) has announced a conference call to discuss its first quarter 2022 results on April 13, 2022, at 9:00 a.m. CT. The call will be accessible via the internet, and a presentation will be available from 6:00 a.m. CT on the same day. Fastenal operates around 3,200 locations in 25 countries and provides a range of industrial and safety products, emphasizing a tailored local inventory and innovative supply chain solutions.
Fastenal Company (Nasdaq: FAST) reported its financial results for the quarter and year ended December 31, 2021. Net sales reached $6,010.9 million, up 6.4% year-over-year, with a strong fourth-quarter performance of $1,531.8 million, a 12.8% increase. Gross profit increased 8.2% to $2,777.2 million, while net earnings rose 7.7% to $925 million. Daily sales growth was noted at 7.3% for the year and 14.6% in Q4. However, operating expenses grew 9.4%, impacting profitability. The company aims for 375-400 new Onsite locations in 2022.
Fastenal Company (NASDAQ: FAST) announced a quarterly dividend of $0.31 per share, payable on March 2, 2022 to shareholders on record as of February 2, 2022. This marks a continuation of the company's commitment to regular dividend payments, having shifted to quarterly distributions in 2011. Fastenal's dividends have seen a consistent increase over the years, with a total of $1.12 paid in 2021 and $1.40 in 2020, including a special dividend. Future dividends will depend on company financials and relevant factors.
Fastenal Company (NASDAQ:FAST) has announced a conference call scheduled for January 19, 2022, at 9:00 a.m. central time to discuss its 2021 annual and fourth quarter results, along with insights into current operations. The call will be accessible online, with a presentation available at 6:00 a.m. on the same day. Additionally, a recording of the call will be archived for future listening until March 1, 2022.
Fastenal operates over 3,200 locations across 25 countries, providing diverse industrial and safety products.
Fastenal Company (Nasdaq:FAST) reported Q3 2021 financial results, showing a 10.0% increase in net sales to $1,554.2 million compared to Q3 2020. Gross profit rose 12.4% to $720.2 million, with gross profit margin increasing to 46.3%. Daily sales to national account customers increased 16.8%. Despite inflationary pressures on materials and transportation, diluted EPS rose by 9.7% to $0.42. However, sales for safety products and supplies declined, reflecting changes in demand due to COVID-19. The company anticipates slower growth in new Onsite locations, projecting 285 to 325 signings for 2021.
Fastenal Company (Nasdaq: FAST) has declared a quarterly dividend of $0.28 per share, payable on November 23, 2021, to shareholders of record by the close of business on October 26, 2021. This marks a consistent history of quarterly dividend payments initiated in 2011, with total dividends for 2021 reaching $1.12 per share. The company, established in 1991 for annual dividends, has also issued special dividends in prior years. Future dividends depend on the company’s financial health and related factors.
FAQ
What is the current stock price of Fastenal Co (FAST)?
What is the market cap of Fastenal Co (FAST)?
What does Fastenal Co. do?
Where is Fastenal Co. headquartered?
How many locations does Fastenal Co. have?
What is the primary product category for Fastenal?
How does Fastenal support its customers?
What is Fastenal's business philosophy?
How many distribution centers does Fastenal have?
Who are Fastenal's customers?
When did Fastenal start diversifying its product offerings?
What types of supply-chain solutions does Fastenal offer?
