PepsiCo has an impressive range of brands including Pepsi-Cola, Lay's, Doritos, and Quaker. Genuine Parts supplies auo parts and supplies to customers in more than 10,000 locations.
Fastenal's (FAST) second-quarter 2024 results reflect unit sales growth and favorable leverage of organizational costs. Yet, unfavorable foreign exchange rates, increased expenses, and lower product pricing hurt the prospects of the company.
Fastenal Company (NASDAQ:FAST ) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Daniel Florness - President & CEO Holden Lewis - CFO Conference Call Participants Tommy Moll - Stephens Stephen Volkmann - Jefferies Nigel Coe - Wolfe Research David Manthey - Baird Ryan Merkel - William Blair Operator Good morning, and welcome to the Fastenal Second Quarter 2024 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
Fastenal just reported Q2 results which came within expectations. Shares have fallen in recent months, underperforming broader markets, as well as the sector ETF. Continuing softness in the manufacturing environment has weighed on daily sales, while increased investments have impacted margins.
Shares of Fastenal Inc (NASDAQ:FAST) are up 4% at $66.75 at last glance, after the fastener distributer's second-quarter profit results met analyst expectations, while revenue came in higher than anticipated on the back of high demand for safety supplies.
The headline numbers for Fastenal (FAST) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of Fastenal (FAST) rose Friday after revenue at the distributor of fasteners, safety supplies, tools, and other commercial products increased because it had more large customers and onsite locations.
Fastenal (FAST) came out with quarterly earnings of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.52 per share a year ago.
The American manufacturing economy hasn't been booming.
Besides Wall Street's top -and-bottom-line estimates for Fastenal (FAST), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Fastenal Company FAST is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.
The Stanley Cup final between the Florida Panthers and Edmonton Oilers began June 8. It's only appropriate, then, that I consider three hockey stocks to buy to celebrate the occasion.