- EPS Match: Second quarter earnings per share (EPS) were 51 cents, matching the estimate but slightly lower than last year’s 52 cents.
- Net Sales: Net sales reached $1.92 billion, a 1.8% increase year-over-year, meeting the estimate.
- Daily Sales: Daily sales averaged $29.9 million, up 1.7% from last year, close to the $30 million estimate.
- Pretax Earnings: Pretax earnings as a percentage of sales were 20.2%, down from 20.9% last year and slightly below the 20.3% estimate.
- Gross Profit Margin: Gross profit margin came in at 45.1%, compared to 45.5% last year and an estimated 45.2%.
- Operating Income: Operating income was $386.9 million, a 2% decrease year-over-year and lower than the $390.5 million estimate.
- Operating Margin: Operating margin fell to 20.2%, down from 21% last year, and was slightly below the 20.3% estimate.
- Capital Investment: For 2024, the company expects their investment in property and equipment to be $235 million to $255 million, an increase from both their originally anticipated range and last year’s $160.6 million.
- Analyst Ratings: Analyst ratings include 2 buys, 8 holds, and 4 sells.
A look at Fastenal Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 Co, a company specializing in the sale of industrial and construction supplies, has been analyzed using Smartkarma Smart Scores to gauge its long-term outlook. With a Growth score of 4, the company shows promising potential for expansion and development in the future. Additionally, Fastenal Co‘s Resilience and Momentum scores both stand at 3, indicating a stable and consistent performance with a positive trend in the market. While the Value score is at 2, suggesting some room for improvement in terms of the company’s valuation, the Dividend score of 3 highlights a decent dividend payout for investors. Overall, Fastenal Co seems poised for growth and sustainability with a balanced mix of positive scores in key areas.
Fastenal Co, known for its wholesale and retail distribution of industrial and construction supplies across various countries, presents a mixed yet optimistic outlook based on the Smartkarma Smart Scores. The company’s strong Growth score of 4 hints at a bright future in terms of expanding its market presence and offerings. With Resilience and Momentum scores both at 3, Fastenal Co demonstrates a steady performance and positive market momentum. While the Value score sits at 2, showing room for improvement in terms of valuation, the Dividend score of 3 signifies a decent dividend yield for investors. Overall, Fastenal Co appears to be on a path of growth and stability, primed for long-term success in its industry.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
