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Fastenal Co. - FAST STOCK NEWS

Welcome to our dedicated news page for Fastenal Co. (Ticker: FAST), a resource for investors and traders seeking the latest updates and insights on Fastenal Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fastenal Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fastenal Co.'s position in the market.

News
Fastenal Company Reports 2024 First Quarter Earnings
Rhea-AI Summary
Fastenal Company (Nasdaq:FAST) reported a 1.9% increase in net sales for the first quarter of 2024 compared to the same period in 2023. The company experienced higher unit sales primarily due to growth with larger customers and Onsite locations. Despite adverse weather conditions impacting sales, the company saw growth in various product categories. Fastenal also signed 102 new Onsite locations and continues to focus on expanding its FMI Technology offerings. While net income increased by 0.9%, operating income decreased by 0.8% due to higher SG&A expenses. The company's digital footprint and eCommerce sales also saw significant growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
Tags
earnings
-
News
Fastenal Company Announces Cash Dividend
Rhea-AI Summary
Fastenal Company (FAST) declared a dividend of $0.39 per share to be paid on May 23, 2024, continuing its trend of regular and special dividend payments over the years. The company's board of directors plans to maintain quarterly dividends, subject to financial conditions and operational results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
Tags
dividends
-
News
Fastenal Releases 2024 Environmental, Social, and Governance (ESG) Report
Rhea-AI Summary
Fastenal Company (FAST) proudly releases its 2024 ESG Report, showcasing achievements in sustainability, workplace safety, and partnerships. The report reflects Fastenal's commitment to ESG goals, employee empowerment, and environmental stewardship.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
none
News
Fastenal Company Announces Conference Call to Review 2024 First Quarter Earnings
Rhea-AI Summary
Fastenal Company (FAST) schedules conference call to review 2024 first quarter results and current operations on April 11, 2024, at 9:00 a.m. central time. Presentation available at 6:00 a.m. on the same day, with webcast archive accessible until June 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
earnings
-
News
Fastenal Receives EcoVadis Silver Medal for Sustainability
Rhea-AI Summary
Fastenal (FAST) receives a silver medal from EcoVadis for its sustainability management system, ranking in the top 25% of all companies rated. The assessment highlights Fastenal's commitment to sustainability and responsible business practices, leading to increased business opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
-
News
Laser Photonics Corporation Enters Distribution Agreement With Fastenal Company for Its Industrial Laser Solutions
Rhea-AI Summary
Laser Photonics Corporation (LPC) has partnered with Fastenal Company (FAST) to distribute its industrial laser cleaning systems and other material applications. This collaboration aims to expand LPC's customer base and distributor network, providing cutting-edge industrial laser solutions to a broader audience. Fastenal's global distribution network and service model will enhance LPC's reach and product availability, creating a mutually beneficial partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
News
Fastenal Company Reports 2023 Annual and Fourth Quarter Earnings
Rhea-AI Summary
Fastenal Company (Nasdaq:FAST) reported a 5.2% increase in net sales for the twelve-month period ending December 31, 2023, with a 3.7% increase for the fourth quarter of 2023. The company's operating income, earnings before income taxes, and net earnings all showed positive growth, with diluted net earnings per share increasing by 8.4% compared to the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.18%
Tags
earnings
-
News
Fastenal Company Announces Cash Dividend
Rhea-AI Summary
Fastenal Company (Nasdaq:FAST) has declared a dividend of $0.39 per share to be paid in cash on February 29, 2024, to shareholders of record at the close of business on February 1, 2024. The company began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to regular dividend payments, Fastenal has previously paid special one-time dividends. The board of directors currently intends to continue paying quarterly dividends, but all future determinations will depend upon the financial condition and results of operations of the company and other relevant factors. The company has paid or declared dividends as follows in 2024, 2023, and 2022: $0.39 in 2024, $1.78 in 2023, and $1.24 in 2022. The total dividends paid in the last ten years amount to $9.37 per share. Fastenal also has the authority to purchase up to 6,200,000 additional shares of its common stock under the July 12, 2022 authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.18%
Tags
dividends
-
News
Fastenal Company Announces Conference Call to Review 2023 Annual and Fourth Quarter Earnings
Rhea-AI Summary
Fastenal Company (FAST) has announced the date and time for its conference call to review 2023 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Thursday, January 18, 2024 at 9:00 a.m. central time. The conference call presentation will be available at 6:00 a.m., central time, on the day of the conference call, with an online archive of the webcast available until March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
earnings
News
Fastenal Company Announces Cash Dividend
Rhea-AI Summary
Fastenal Company (Nasdaq:FAST) declared a special one-time dividend of $0.38 per share, to be paid on December 20, 2023. The company has a history of regular and special dividends and intends to continue paying quarterly dividends, depending on its financial condition. In 2023, it paid a total dividend of $1.78 per share, including regular and special dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
dividends
Stock FAST logo
Fastenal Co.

Nasdaq:FAST

FAST Rankings

#321 Ranked by Market Cap
#945 Ranked by Stock Gains
#1317 Ranked by Dividends

FAST Stock Data

40.33B
570.69M
0.18%
85.37%
3.28%
Industrial Supplies Merchant Wholesalers
Wholesale Trade
Link
US
Winona

About FAST

since 1967, fastenal has grown from a single store to nearly 2,700 locations, each providing tailored local inventory and personal service for our customers. as we've expanded across the world, we've retained a core belief in people and their ability to accomplish remarkable things - if given the opportunity. from this philosophy stems an entrepreneurial culture that challenges every employee to run their own business, create their own success, and rise up to become company leaders. backed by our global sourcing, quality, and logistics operations, each store is a local, one-stop source for a spectrum of oem, mro and construction supplies. working within our decentralized environment, store personnel take a flexible approach to support local customers – sourcing products, making emergency deliveries, managing a lean flow of inventory to points of use, and leveraging our services, solutions and specialists to drive continual business improvements. local product and local people: th