Fastenal Co - FAST STOCK NEWS

Fastenal (FAST) reported Q1 2025 financial results with net sales increasing 3.4% to $1.96 billion. Daily sales grew 5.0% year-over-year, despite one less selling day. The company's net income slightly increased by 0.3% to $298.7 million, with diluted EPS remaining flat at $0.52.

Key performance metrics include: gross profit margin declined to 45.1% from 45.5%, operating income rose 0.9% to $393.9 million, and SG&A expenses increased to 25.0% of net sales. Contract sales showed strong growth at 8.5%, while non-contract sales declined 3.6%.

By product category, safety supplies grew 7.1%, other product lines increased 6.7%, and fasteners showed modest growth of 1.1%. Manufacturing end markets performed well with 6.8% growth, while non-manufacturing segments declined 0.6%. The company's digital footprint expanded to 61.0% of sales, up from 59.2% in the previous year.

Fastenal (Nasdaq:FAST) has declared a quarterly cash dividend of $0.44 per share, payable on May 23, 2025, to shareholders of record as of April 25, 2025. This represents an increase from the previous quarter's dividend of $0.43.

The company has maintained a consistent dividend history, evolving from annual payments since 1991 to quarterly distributions since 2011. Notable special one-time dividends were paid in December 2008, 2012, 2020, and 2023. The regular dividend payments for 2024 totaled $1.56 per share, while 2023 saw $1.40 in regular dividends plus a $0.38 special dividend.

Over the past decade, Fastenal has paid total dividends of $6,223.7 million, with regular dividends per share increasing from $0.60 in 2016 to the current rate. The company maintains authority to purchase up to 6.2 million additional shares under its July 2022 authorization, though no shares were repurchased in Q1 2025.

Fastenal (Nasdaq: FAST) has scheduled its 2025 first quarter earnings conference call for April 11, 2025, at 9:00 a.m. central time. The event will be broadcast live via webcast, accessible through the investor relations section of their website.

The company will make its conference call presentation available at 6:00 a.m. central time on the same day, providing supplemental information beyond the earnings announcement. The webcast archive will remain accessible until June 1, 2025. Participants will need a compatible device with speakers to access the online webcast.

Fastenal (Nasdaq:FAST) has announced plans to host an investor presentation on March 13, 2025 in St. Paul, Minnesota, with both in-person and webcast options available. The event will run from 8:30 a.m. to 3:00 p.m. Central Time.

Key presenters include CEO Dan Florness, President and Chief Sales Officer Jeff Watts, and Senior Executive VP and CFO Holden Lewis. The presentation will cover:

• Current operations and growth initiatives
• Focus 40 and key account sales strategy
• Supply chain cost and risk reduction tools
• Data utilization for market position strengthening

The webcast will be accessible through Fastenal's investor relations website, with an online archive available until April 12, 2025. Participants will need devices with speakers for the online webcast.

Fastenal (FAST) reported its Q4 2024 financial results with net sales increasing 3.7% to $1,824.5 million. The company's daily sales grew 2.1%, reflecting a continued soft manufacturing environment throughout 2024. The quarter was particularly impacted by sharp production cuts during holiday-related plant shutdowns.

Q4 2024 highlights include:

• Net income decreased 1.6% to $262.1 million
• Diluted EPS remained flat at $0.46
• Gross profit margin declined to 44.8% from 45.5%
• Operating margin decreased to 18.9% from 20.1%

The company signed 56 new Onsite locations in Q4, bringing the total to 358 for 2024. Digital sales represented 62.2% of total sales, up from 58.1% in Q4 2023. The company experienced stronger growth from national accounts (4.2%) compared to non-national accounts (-1.0%).

Fastenal (FAST) has declared a quarterly cash dividend of $0.43 per share, payable on February 28, 2025, to shareholders of record as of January 31, 2025. This represents a 10.3% increase from the previous quarterly dividend of $0.39. The company has maintained a consistent dividend payment history, starting with annual dividends in 1991, moving to semi-annual in 2003, and quarterly since 2011.

Over the past decade, Fastenal has paid total dividends of $5,971.2 million, with regular dividends per share increasing from $0.60 in 2016 to $1.56 in 2024. The company has also issued special one-time dividends in 2008, 2012, 2020, and 2023. Currently, Fastenal maintains authority to purchase up to 6,200,000 additional shares under its July 2022 authorization with no expiration date.

Fastenal (Nasdaq: FAST) and RFK Racing are set to celebrate their 15th season of NASCAR partnership in 2025, marking one of the longest-tenured brand relationships in NASCAR. The partnership, which began in 2010 with NASCAR Hall of Fame driver Carl Edwards, has evolved to feature NASCAR Champion Chris Buescher in the No. 17 Ford.

The collaboration has yielded impressive results, including 10 victories, 87 top-10 finishes, and two NASCAR Championships. Fastenal's iconic blue paint scheme will continue in 2025, with expanded presence of their Body Guard® brand across all three RFK Racing entries, including team co-owner Brad Keselowski (No. 6) and newcomer Ryan Preece (No. 60).

Throughout the partnership, Fastenal has supported nine different RFK drivers and made nearly 300 starts in NASCAR action. Notable achievements include the 2011 Xfinity Series owners' championship with Carl Edwards and the 2015 Xfinity Series championship with Chris Buescher.

Fastenal (Nasdaq: FAST) has announced its upcoming conference call to review its 2024 annual and fourth quarter results. The call is scheduled for January 17, 2025, at 9:00 a.m. central time and will be broadcast live over the Internet.

The company's conference call presentation, which will include supplemental information to the earnings announcement, will be available at 6:00 a.m. central time on the same day. An online archive of the webcast will be accessible within one hour after the call concludes and will remain available until March 1, 2025.

Fastenal Company (Nasdaq: FAST) has announced the promotion of Donnalee K. Papenfuss to the newly created position of Executive Vice President of Strategy and Communications, effective November 1, 2024. In this role, Papenfuss will lead marketing and drive strategic initiatives in technology, sales, and ESG, while enhancing communication efforts to support these initiatives.

Papenfuss has been with Fastenal since 1999, most recently serving as Vice President of Contract Development and Support from February 2014 to October 2024. Her responsibilities have included sales enablement, development, and support functions, as well as overseeing Fastenal's internal chatbot and digital assistant, Blue, and leading the company's ESG Community of Practice.

CEO Dan Florness expressed excitement about Papenfuss's vision and leadership as Fastenal continues to evolve as a technology-focused supply chain partner to its customers.