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 (FAST) delivers industrial supply chain solutions through its network of locally-managed branches and innovative inventory systems. This news hub provides investors and business partners with direct access to official announcements and market-moving developments.
Track critical updates including quarterly earnings disclosures, strategic supplier partnerships, facility expansions, and technological implementations like vending solutions. Our curated feed ensures timely access to operational milestones affecting the MRO, OEM, and construction supply sectors.
Key coverage areas: Financial results with gross margin trends, branch network growth statistics, inventory management innovations, and industry-specific solutions for manufacturing clients. Content is verified against original SEC filings and company communications for accuracy.
Bookmark this page for streamlined monitoring of Fastenal's evolving service offerings and market position within the industrial distribution landscape. Combine real-time updates with historical performance data through our integrated financial tools.
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.
Fastenal Company (NASDAQ: FAST) has scheduled a conference call for October 12, 2021 at 9:00 a.m. central time to discuss its third quarter results and current operations. The call will be accessible via the internet, with a presentation available starting at 6:00 a.m. central time on the same day. An archive of the call will remain available until December 1, 2021. Fastenal offers a wide range of products and services to optimize supply chain processes for its customers across various regions, including North America, Asia, and Europe.
Fastenal is actively involved in testing electric vehicles, collaborating with Penske Truck Leasing and Daimler Trucks North America. The company has been using two battery electric Freightliner eM2 box trucks since early 2020 for daily deliveries, covering nearly 900 miles per week across 16 locations. Fastenal also piloted the Freightliner eCascadia Class 8 truck. Supported by a $15.7 million grant from South Coast AQMD, this initiative aims to enhance sustainability and improve air quality in Southern California.
Fastenal Company (Nasdaq:FAST) reported its financial results for Q2 2021, revealing a slight net sales decline of 0.1% year-over-year, totaling $1,507.7 million. Gross profit increased by 4.3% to $700.7 million while net earnings rose to $239.7 million, yielding a diluted EPS of $0.42. The company saw strong demand in manufacturing and construction but faced a decline in PPE and sanitation product sales compared to the pandemic peak in 2020. The gross profit margin improved to 46.5%, reflecting favorable product mix and operational leverage.
Fastenal Company (Nasdaq: FAST) has declared a quarterly dividend of $0.28 per share, scheduled for payment on August 24, 2021. Shareholders must be on record by the close of business on July 27, 2021. Fastenal resumed quarterly dividends in 2011 after paying special dividends previously in December 2008, 2012, and 2020. The company has increased its dividend payouts over recent years, reflecting a commitment to returning income to shareholders, supported by its solid financial performance.
Fastenal Company (Nasdaq:FAST) has scheduled a conference call on July 13, 2021, at 9:00 a.m. CT to discuss 2021 second-quarter results and ongoing operations. The call will be accessible via the Internet, with a presentation available at 6:00 a.m. CT on the same day, offering supplemental information on quarterly results. An online archive of the webcast will remain available until September 1, 2021. Fastenal provides a broad range of products and services, focusing on simplifying supply chain processes for customers across multiple regions.
