WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2025 first quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, April 11, 2025 at 9:00 a.m. central time. To access the call, please visit the following Web address: Click Here Our conference cal.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced its intention to host an investor presentation on March 13, 2025 located in St. Paul, Minnesota, which will be available to access via webcast. The hosts of this event will be Dan Florness, our Chief Executive Officer, Jeff Watts, our President and Chief Sales Officer, and Holden Lewis, our Senior Executive Vice President and Chief Financial.
I rate Fastenal as a buy due to its strong financial performance, high solvency, and nearly 10% annualized return over the past 3 years. Fastenal's diversified product portfolio, efficient operations, and high-quality earnings make it a top pick for long-term investors, despite minor shortfalls in net profit margin and stability ratio. While Fastenal is not debt-free, its low-interest payments and strong operating cash flow ensure it remains solvent and liquid, mitigating market risk.
Fastenal Inc. NASDAQ: FAST is a leading supplier of construction and industrial supplies, including fasteners, bolts, screws, studs, washers, as well as safety supplies and tools for maintenance repair and operations (MRO) products. Muted industrial manufacturing and construction activity amid an uncertain macroeconomic backdrop resulted in a semi-kitchen sink in the fourth quarter of 2024.
I am neutral on Fastenal Company due to near-term industrial sector challenges, potential margin compression, and slower growth in key segments like fastener sales. Despite positive 4Q24 earnings aspects, FAST's 35x forward earnings valuation is difficult to justify given the mixed outlook and historical performance. FAST's strengths include strong digital adoption, deep national account relationships, and potential benefits from an industrial sector recovery.
Fastenal Company (NASDAQ:FAST ) Q4 2024 Earnings Call Transcript January 17, 2025 10:00 AM ET Company Participants Taylor Ranta - Accounting Manager Dan Florness - CEO Holden Lewis - CFO Conference Call Participants Ryan Merkel - William Blair David Manthey - Baird Tommy Moll - Stephens Stephen Volkmann - Jefferies Operator Greetings, and welcome to the Fastenal 2024 Annual and Q4 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
FAST's fourth-quarter 2024 results reflect the expansion of Onsite locations and increased adoption of digital platforms, which are offset by a soft manufacturing environment.
U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Friday.
Shares of Fastenal Co (NASDAQ:FAST) are down 1.9% at $73.38 at last glance, after the industrial machinery name's disappointing fourth-quarter results, with earnings, revenue, and sales growth all missing estimates.
The headline numbers for Fastenal (FAST) give insight into how the company performed in the quarter ended December 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) stumbled in premarket trading Friday after the industrial parts company's fourth-quarter results came in short of what analysts had expected.
Fastenal (FAST) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.46 per share a year ago.