Welcome to our dedicated page for Fastenal Co news (Ticker: FAST), a resource for investors and traders seeking the latest updates and insights on Fastenal Co stock.
Fastenal Co (FAST) delivers industrial supply chain solutions through its network of locally-managed branches and innovative inventory systems. This news hub provides investors and business partners with direct access to official announcements and market-moving developments.
Track critical updates including quarterly earnings disclosures, strategic supplier partnerships, facility expansions, and technological implementations like vending solutions. Our curated feed ensures timely access to operational milestones affecting the MRO, OEM, and construction supply sectors.
Key coverage areas: Financial results with gross margin trends, branch network growth statistics, inventory management innovations, and industry-specific solutions for manufacturing clients. Content is verified against original SEC filings and company communications for accuracy.
Bookmark this page for streamlined monitoring of Fastenal's evolving service offerings and market position within the industrial distribution landscape. Combine real-time updates with historical performance data through our integrated financial tools.
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.
Fastenal Company (FAST) reported its Q3 2024 earnings with net sales increasing 3.5% to $1,910.2 million. The company's daily sales rate grew 1.9% compared to Q3 2023. Net income rose 0.9% to $298.1 million, with diluted earnings per share remaining unchanged at $0.52. Fastenal's gross profit margin decreased to 44.9% from 45.9% in Q3 2023, while SG&A expenses as a percentage of net sales improved to 24.6% from 25.0%. The company signed 93 new Onsite locations in Q3, bringing the year-to-date total to 302. FMI Technology sales grew 9.3% and represented 43.0% of total sales. Fastenal's Digital Footprint increased to 61.1% of sales, up from 57.1% in Q3 2023. The company's operating cash flow decreased 23.5% to $296.9 million, representing 99.6% of net income.
Fastenal Company (Nasdaq:FAST) has announced a cash dividend of $0.39 per share, payable on November 22, 2024 to shareholders of record as of October 25, 2024. The company has a history of paying dividends since 1991, evolving from annual to quarterly payments in 2011. Fastenal's board intends to continue quarterly dividends, subject to financial conditions and other factors.
The press release provides a detailed breakdown of Fastenal's dividend history, including regular and special dividends from 2022 to 2024. It also presents a 10-year overview of dividend payments and stock repurchase activities. In 2024, Fastenal projects to pay a total of $1.56 per share in regular dividends. The company did not repurchase any common stock in the third quarter of 2024 and has authority to purchase up to 6,200,000 additional shares under its current authorization.
Fastenal Company (Nasdaq:FAST) has announced the details for its conference call to review 2024 third quarter earnings and current operations. The call will be broadcast live over the Internet on Friday, October 11, 2024, at 9:00 a.m. central time. Investors can access the call at https://investor.fastenal.com/events.cfm.
The company's conference call presentation, which includes supplemental information to the earnings announcement, will be available at 6:00 a.m. central time on the day of the call at https://investor.fastenal.com/releases.cfm. An online archive of the webcast will be accessible within one hour after the call concludes and will remain available until December 1, 2024. Participants will need a soundcard and speakers to listen to the online webcast.
Fastenal Company (Nasdaq: FAST) has named Jeff Watts as the new President and Chief Sales Officer, effective August 1, 2024. Watts, a 28-year veteran of the company, will take over the President role from Dan Florness, who will continue to serve as CEO and a member of the Board of Directors. Watts has been Chief Sales Officer since May 2023, overseeing global sales across 25 countries. His extensive experience includes roles such as Executive Vice President – International Sales, and Regional Vice President of Fastenal's Canadian business. Watts joined Fastenal as a part-time branch employee in 1996 and has risen through the ranks over nearly three decades.
Fastenal Company (Nasdaq:FAST) released its financial results for Q2 2024. Net sales increased by 1.8% to $1,916.2 million, with daily sales also up by 1.8%. Gross profit rose by 0.7% to $863.5 million, although gross profit as a percentage of net sales declined to 45.1% from 45.5%. Net income dropped by 1.8% to $292.7 million, with diluted net income per share at $0.51, a 2.0% decrease. Operating income fell by 2.0% to $386.9 million.
Fastenal's fastener product lines saw a 3.0% decline in daily sales rate (DSR), while non-fastener products grew by 4.2%. Onsite locations increased by 11.9%, and FMI Technology sales rose by 7.0%. SG&A expenses grew by 3.0%, with net interest expense dropping due to higher interest income.
The company returned $223.3 million to shareholders via dividends in Q2. Despite the growth in sales and Onsite locations, Fastenal faced challenges with lower pricing in certain product categories and inefficiencies in supply chain management.
The Fastenal Company (NASDAQ: FAST) has declared a cash dividend of $0.39 per share, payable on August 23, 2024, to shareholders of record as of July 26, 2024. Fastenal has a strong history of dividend payments, transitioning from annual to semi-annual, and now quarterly dividends since 2011. The company has also issued special one-time dividends in December 2008, 2012, 2020, and 2023. In 2024, Fastenal has declared dividends totaling $1.17 per share. The company continues to prioritize dividends as part of its financial strategy, though future payments will depend on financial conditions and other relevant factors. Over the past ten years, Fastenal has paid dividends totaling $10.15 per share and repurchased 31.8 million shares at an average price of $26.03.
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