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NAS:FAST, Jul 16, 10:07 UTC

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3 Things You Should Know About Fastenal Company

FAST

Fastenal Company (NASDAQ:FAST) is a wholesale distributor of building and construction supplies: bolts, screws, nuts, anchors, washers, sockets … you name it. I’m a believer in the idea that seemingly boring companies often make the best investments and that understanding a company’s business and industry is important — two things that aren’t cryptic for a pick like FAST. Q2 numbers: Earlier this week, Fastenal reported earnings. For the first six months of the year, sales increased by 13%, while net earnings expanded by 36% compared to the comparable period of 2017. Fastenal stock is currently just a few dollars away from some resistance at its 52-week high. But once it breaks through that, I expect gains to continue. Organic double-digit growth and an almost-3% dividend yield is a pretty appealing combination — especially with a technical breakthrough likely on the way. As of this writing, Robert Martin did not hold a position in any of the aforementioned securities.

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Thursday, July 12


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Fastenal (FAST) Soars: Stock Adds 10.1% in Session

FAST

Fastenal Company FAST was a big mover last session, as the company saw its shares rise more than 10% on the day. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.69 to $53.48 in the past one-month time frame.The move came after the company reported solid second-quarter 2018 results.The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.Fastenal currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report GMS Inc. (GMS) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Wednesday, July 11


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American Airlines and Nvidia fall; Fastenal jumps

FAST NVDA +1 more FAST NVDA AAL

NEW YORK (AP) -- Stocks that moved substantially traded or heavily Wednesday:. The airline said an important revenue measurement will grow at a slower pace than it expected in the second quarter. The maker of construction and industrial fasteners had a stronger second quarter than investors expected. Chipmakers stumbled after the U.S. released a $200 billion list of Chinese imports that may be hit with tariffs.

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Why Fastenal Company Stock Popped 10%

FAST

Rich Smith, The Motley FoolMotley FoolJuly 11, 2018, 6:55 PM GMT. What happened. All. Whatever you might need to fasten together to build a house, for example -- be it a screw or a bolt, a nut or a washer, Fastenal Company(NASDAQ: FAST) makes it. And as we found out in its second-quarter 2018 earnings report, released this morning, Fastenal makes a lot of money providing useful parts and services to the construction and manufacturing industries. Earnings for the quarter came in at $0.72 per share, $0.06 ahead of Wall Street's expectations, and that unexpectedly good result is lifting Fastenal shares as much as 10% as of 2:10 p.m. EDT. Gross margins on those sales dipped a bit, but thanks to timely cost-cutting, Fastenal was able to hold its operating profit margin steady at 21.2%, expand its net profit margin, and thus grow net earnings 43% to $0.74 per diluted share.

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Fastenal Company (FAST) Q2 2018 Earnings Conference Call Transcript

FAST

One is we are growing on some good growth numbers. And I think that's a pretty strong statement. Our reported EPS was 74, however there was a discreet tax item in there. So, really pleased with the earnings growth we saw in the quarter and our ability to manage our expenses. Onsite vending signings are on pace to achieve our 2018 targets. As mentioned, we had significant operating leverage in the second quarter including employee related expenses. And our gross margin was stable on a sequential basis, which I think was an important thing to note. And the real key to the stability from Q1 to Q2 from my perspective is we did a little bit better job using our own trucks. Weather messed us up a little bit. So, we came in just shy of goal. Since February, we've hit goal every month. And we had a big goal number in June, and I was pleased to say we hit it. And in total for the first and second quarters, we hit goal.

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Fastenal's (FAST) Q2 Earnings Beat Estimates, Margins Down - July 11, 2018

FAST

Sales through vending devices grew at a strong double-digit pace in the quarter, courtesy of increase in the installed base and higher revenues per device. However, margins declined due to inflationary pressures. On a monthly basis, daily sales improved 13.5% in June, 12.5% in May and 13.4% in April, compared with a rise of 13%, 9.7% and 8.9%, respectively, in the prior-year quarter. Vending Trends and Other Growth Drivers. As of Jun 30, 2018, Fastenal operated 76,069 vending machines, up 14.3% year over year. Gross margin of 48.7% in the second quarter of 2018 declined 110 basis points (bps) year over year due to changes in product and customer mix, inflation and higher product as well as freight expenses.

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Fastenal (FAST) Q2 Earnings Revenues Top Estimates - July 11, 2018

FAST

Currently, FAST has a Zacks Rank #3 (Hold), but that could definitely change following Fastenal’s earnings report which was just released. Earnings: FAST reported EPS of 61 cents per share, in line with the Zacks Consensus Estimate of 66 cents. Revenues: FAST reported revenues of $1.19 billion, which surpassed the consensus estimate of $1.26 billion. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Fastenal Company Reports 2018 Second Quarter Earnings

FAST

WINONA, Minn., July 11, 2018 (GLOBE NEWSWIRE) -- Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended June 30, 2018. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. We instituted a modest price increase in the second quarter of 2017 ahead of inflationary pressures that we were seeing in our supply chain, which produced an unseasonably strong gross profit margin in the three-month period. As inflation in the marketplace began to move through our income statement, it began to reduce the gross profit margin benefit we saw in the second quarter of 2017.

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Fastenal: 2Q Earnings Snapshot

FAST

WINONA, Minn. (AP) _ Fastenal Co. (FAST) on Wednesday reported second-quarter net income of $211.2 million. On a per-share basis, the Winona, Minnesota-based company said it had profit of 74 cents. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Fastenal shares have declined 9.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 4.5 percent.

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