The earnings call reflects a mixed sentiment with significant achievements in revenue growth among high-spending customer sites and eCommerce expansion. However, challenges are notable with declines in EPS, operating margin, and the impact of holiday shutdowns affecting sales growth. The sentiment is balanced with both positive and negative elements.
Company Guidance
During the Q4 2024 earnings call for Fastenal, the company provided detailed guidance, highlighting a 3.7% overall sales growth for the quarter, with daily sales up by 2.1%. The company's earnings per share (EPS) decreased by 2% to $0.46. Fastenal observed a notable increase in customer sites, with those spending over $10,000 per month constituting 77% of total sales, reflecting a compound annual growth rate of 14% since 2017. They also reported that customer sites spending more than $50,000 monthly have grown at an annual rate of 18%. Fastenal's Onsite program, contributing to 45% of sales, showed a 16% annual growth in customer sites spending. For 2025, the company projects capital spending between $265 million and $285 million, with increased investments in technology and digital capabilities. The company raised its quarterly dividend by approximately 10%, reflecting confidence in ongoing strong cash flow generation. Additionally, Fastenal aims to enhance its eCommerce and FMI Technology contributions to sales, targeting a digital footprint touching 66% to 68% of sales.
Revenue Growth in High-Value Customer Sites
Revenue through customer sites spending more than $10,000 per month grew at a compound annual growth rate of 14% since 2017. These sites account for 77% of total sales.
Growth in Onsite Program
The Onsite program saw customer sites spending at least $50,000 per month grow at an 18% compound annual growth rate since 2017.
Increase in Dividend
The quarterly dividend was raised by 10%, reflecting confidence in future cash flow generation.
Strong eCommerce Performance
eCommerce sales grew by 28%, with eProcurement growing at 37.6%.
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Fastenal Company (FAST) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FAST Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 17, 2025
$74.77
$76.08
+1.75%
Oct 11, 2024
$69.63
$76.42
+9.75%
Jul 12, 2024
$63.48
$64.73
+1.97%
Apr 11, 2024
$73.51
$68.73
-6.50%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fastenal Company (FAST) report earnings?
Fastenal Company (FAST) is schdueled to report earning on Apr 11, 2025, TBA Not Confirmed.
What is Fastenal Company (FAST) earnings time?
Fastenal Company (FAST) earnings time is at Apr 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.