- Fastenal’s earnings per share (EPS) for the first quarter matched estimates at 52 cents, consistent with the same period last year.
- Net sales increased by 3.4% year-over-year to $1.96 billion, slightly above the estimated $1.95 billion.
- Daily sales saw a growth of 5.1% year-over-year, reaching $31.1 million, aligning perfectly with expectations.
- Pretax earnings as a percentage of sales were recorded at 20.1%, slightly below last year’s 20.6%, but exceeded the estimate of 18.9%.
- The company reported a gross profit margin of 45.1%, a slight decrease from last year’s 45.5%, and marginally under the estimate of 45.2%.
- Operating income achieved a 0.9% year-over-year increase to $393.9 million, slightly above the estimated $393 million.
- The operating margin was steady at 20.1%, although it was lower compared to last year’s 20.6%, matching the estimate.
- Looking ahead to 2025, Fastenal anticipates an increase in investment in property and equipment to a range of $265.0 to $285.0 million, up from $214.1 million in 2024.
- The current market analyst recommendations for Fastenal include 3 buy ratings, 10 holds, and 3 sells.
Fastenal Co on Smartkarma
Analysts on Smartkarma are closely covering Fastenal Co, including insights from top independent analysts like Baptista Research and Business Breakdowns. Baptista Research‘s report, “Fastenal Company: Expanding Onsite & Branch Sales Strategy To Up Their Game! – Major Drivers,” delves into the company’s recent annual earnings call. Despite a modest 3.7% sales growth in the fourth quarter, there was a slight earnings per share (EPS) decline to $0.46, reflecting internal expectations not being fully met.
Meanwhile, Business Breakdowns‘ analysis, “Fastenal: A Nuts & Bolts Success Story,” showcases Fastenal’s impressive evolution from a small retailer to a crucial supply chain partner in the industrial sector. With nearly USD 8 billion in sales and a market capitalization approaching USD 50 billion, Fastenal’s founder Bob Kierlin has been instrumental in the firm’s growth. Both reports offer valuable insights for investors evaluating Fastenal Co‘s current performance and future prospects.
A look at Fastenal Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fastenal Company, a leading provider of industrial and construction supplies, presents a promising long-term outlook based on its Smartkarma Smart Scores. With a strong momentum score of 5, Fastenal Co is showing robust growth potential. This is further supported by a solid growth score of 4, indicating positive prospects for expansion. The company’s moderate resilience score of 3 underscores its ability to withstand market challenges. Additionally, Fastenal Co‘s dividend score of 3 suggests a stable payout to investors. While the value score of 2 indicates room for improvement, the overall outlook for Fastenal Co appears optimistic in the long run.
Fastenal Company operates in various countries including the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands. Its focus on selling industrial and construction supplies in both wholesale and retail channels positions the company well in key markets. With a balanced mix of growth, resilience, and momentum, Fastenal Co demonstrates a strong foundation for sustained success and potential growth in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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