Fastenal Co. (FAST)
Fastenal Company (FAST) Q2 2024 Earnings Call Transcript
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 Q2 Earnings: Stock Fairly Valued As Manufacturing Outlook Remains Soft
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.
Fastenal Stock Headed for Best Day Since January
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.
Fastenal (FAST) Reports Q2 Earnings: What Key Metrics Have to Say
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.
Fastenal Stock Climbs as Sales Rise
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) Q2 Earnings Match Estimates
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.
Fastenal Earnings Are Soon. What They Could Say About the American Economy.
The American manufacturing economy hasn't been booming.
Unlocking Q2 Potential of Fastenal (FAST): Exploring Wall Street Estimates for Key Metrics
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 Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Fastenal Company FAST is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.
Stanley Cup Fever: 3 Stocks to Buy as Hockey Heats Up
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.
Fastenal's (FAST) May ADS Rises 1.5%, Improves Sequentially
Fastenal's (FAST) average daily sales growth rate improves sequentially in May with a minor FX impact on growth.
Fastenal: Why I'm Keeping A Close Eye On This New Dividend Aristocrat
Cyclical stocks are facing challenges due to inflation and geopolitical uncertainties. Fastenal's stock has dropped 16% from its recent highs, presenting a buying opportunity. Fastenal's unique distribution model, extensive Onsite locations, and robust e-commerce platform make it a compelling investment.
