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NAS:FAST, Aug 24, 11:51 UTC

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Thursday, July 11


News

Fastenal Company Reports 2019 Second Quarter Earnings

FAST

Fastenal Company (FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended June 30, 2019. Share and per share information in this release, and in the financial statements attached to this release, has been adjusted to reflect the two-for-one stock split effective at the close of business on May 22, 2019. The most significant factors behind the decline in our gross profit percentage in the period were the impacts of customer and product mix and net inflation on product margins, the latter of which had a larger negative impact on our margin than in the first quarter of 2019. While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace. We continue to expect our net capital expenditures in 2019 to be within a range of $195.0 to $225.0, growth from 2018 of between $28.2 and $58.2, and 16.9% and 34.9%.

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News

Fastenal's Stock Drops After Industrial Supplier's Earnings Miss

FAST

Higher tariffs on goods produced in China and then imported to the U.S. were a key factor in Fastenal's lower-than-expected earnings.

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News

Fastenal Earnings, Revenue Miss in Q2

FAST

Fastenal follows other major Capital Goods sector earnings this month. On June 25, Lennar B reported second quarter EPS of $1.3 on revenue of $5.56B, compared to forecasts of EPS of $1.15 on revenue of $5.03B. Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar. UK's Reckitt to pay up to $1.4 billion to resolve Indivior probe.

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News

CVS, Delta Air Lines rise; Fastenal, Grubhub fall

FAST DAL

The White House withdrew a plan that would have allowed patients to receive rebates that drugmakers now pay to insurers and distributors. Delta Air Lines Inc., up 69 cents to $60.16. The airline reported record revenue and a big increase in profits as it benefited from strong demand for air travel. The New York Post reported that New York State regulators could restrict the fees that food-ordering companies can charge.

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Wednesday, July 10


News

Fastenal Company Announces Cash Dividend

FAST

Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In 2019, 2018, and 2017, we paid (or declared) dividends as follows:. Dividend and common stock purchase activity during the last ten years:. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors. For example, a change in business needs including working capital and funding for acquisitions, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future.

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Tuesday, July 09


News

Fastenal Earnings Are Coming. What To Expect From the Industrial Company.

FAST

Fastenal is scheduled to report its second-quarter earnings Thursday. Its numbers will hold a lot of clues for investors regarding the health of the industrial economy.

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  • Financial

Sunday, July 07


News

Brokerages Expect Fastenal (NASDAQ:FAST) Will Announce Earnings of $0.37 Per Share – Riverton Roll

FAST

On average, analysts expect that Fastenal will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.39 to $1.45. For the next fiscal year, analysts forecast that the company will report earnings of $1.52 per share, with EPS estimates ranging from $1.47 to $1.57. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. In related news, insider Leland J. Hein sold 19,929 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. Finally, Northern Trust Corp increased its stake in shares of Fastenal by 1.8% during the 1st quarter. Northern Trust Corp now owns 3,726,840 shares of the company’s stock worth $239,673,000 after purchasing an additional 65,952 shares during the last quarter.

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Friday, July 05


News

[video]Fastenal Expected to Earn 37 Cents a Share

FAST

Fastenal Co. is expected to report adjusted net income of $213.4 million, or 37 cents a share, on sales of $1.4 billion before the market opens on Thursday, based on a FactSet survey of 15 analysts. Fastenal is currently trading at a price-to-forward-earnings ratio of 21.8 based on the 12-month estimates of 18 analysts surveyed by FactSet. In the upcoming quarter analysts are forecasting adjusted net income of $214.1 million, or 37 cents a share, on sales of $1.4 billion.

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Wednesday, July 03


News

Nordea Investment Management AB Purchases 187,103 Shares of Fastenal (NASDAQ:FAST) – Mayfield Recorder

FAST

Morgan Stanley upped their price target on Fastenal from $27.50 to $31.50 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. In related news, insider Leland J. Hein sold 19,929 shares of the stock in a transaction dated Thursday, April 18th. Insiders sold 163,470 shares of company stock worth $11,485,007 in the last ninety days.

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Tuesday, June 25


News

Fastenal Company Announces Conference Call to Review 2019 Second Quarter Earnings

FAST

Our conference call presentation (which includes information, supplemental to that contained in our earnings announcement, regarding results for the quarter) will be available at 6:00 a.m., central time, on the day of the conference call. Fastenal helps customers simplify and realize product and process savings across their supply chain. Our distribution system centers on approximately 3,200 in-market locations (a combination of public branches and customer-specific Onsite locations), primarily in North America but also in Asia, Europe, and Central and South America, each providing tailored inventory, flexible service, and custom solutions to drive the unique goals of local customers. Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.

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