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 Company (Nasdaq: FAST) is an industrial supplies distributor and supply chain solutions provider whose activities generate a steady stream of company-specific news. As a participant in the industrial supplies merchant wholesalers space, Fastenal issues regular updates on earnings, dividends, leadership changes, distribution network investments, and community partnerships.
On this page, readers can follow FAST news related to quarterly and annual earnings announcements, where the company provides detailed breakdowns of sales by product category, end market, and customer type. These releases often discuss trends in fasteners, safety supplies, and other product lines, as well as metrics for Fastenal Managed Inventory (FMI), eBusiness, and its broader Digital Footprint.
Fastenal also publishes news on capital return and governance, including dividend declarations and information about share repurchase authorizations. Leadership updates, such as appointments of senior executives and planned CEO transitions, are disclosed through press releases and corresponding Form 8-K filings, offering insight into the company’s management and strategic priorities.
Beyond financial and governance topics, Fastenal’s news flow includes operational and strategic developments such as new or upgraded distribution centers, technology investments in logistics, and sponsorships or partnerships that expand its brand presence. Community-focused stories highlight collaborations with organizations like the American Red Cross and the National FFA Organization, as well as sports sponsorships in North America and Europe.
Investors, analysts, and industry observers who follow Fastenal news can use this feed to track developments affecting the company’s industrial distribution business, its global branch and distribution network, and its role in customer supply chains. Bookmark this page to monitor the latest FAST press releases and related updates as they are released.
Fastenal Company (Nasdaq:FAST) announced a quarterly dividend of $0.31 per share, payable on August 24, 2022, to shareholders recorded by July 27, 2022. Fastenal has consistently paid dividends since 1991, moving from annual to quarterly payments since 2011. In addition, the company initiated a stock repurchase plan, allowing up to 8 million shares to be repurchased. Financial data reveals a total dividend payout of $535 million in 2022, with an average dividend per share of $0.93. The board intends to continue dividends based on financial health.
Fastenal Company (NASDAQ:FAST) has announced a conference call set for July 13, 2022, at 9:00 a.m. central time to discuss its 2022 second quarter results and current operations. The call will be available live online, with a webcast archive accessible within an hour post-call until September 1, 2022. Fastenal operates over 3,200 locations across 25 countries, offering a wide range of industrial and safety products. Their approach focuses on local inventory and innovative solutions to enhance supply chain efficiency.
Fastenal Company (Nasdaq:FAST) reported a 20.3% increase in net sales for Q1 2022, amounting to $1,704.1 million, driven by strong demand in manufacturing and construction sectors. Daily sales grew 18.4% year-over-year, with gross profit rising 23.3% to $793.3 million, increasing gross margin to 46.6%. Net earnings reached $269.6 million, a 28% increase, resulting in diluted EPS of $0.47. Operating expenses also rose by 19.9%, but operating income improved 27.7% to $358 million.
Fastenal Company (Nasdaq:FAST) has declared a $0.31 per share cash dividend, payable on May 25, 2022, to shareholders recorded by the close of business on April 27, 2022. Fastenal has a history of dividend payments, having transitioned from annual to semi-annual in 2003, and to quarterly payments in 2011. In the past three years, dividends per share were $1.12 in 2021 and $1.40 in 2020, reflecting the company's commitment to returning value to shareholders. Future dividend payments will depend on the company's financial health and other determining factors.
Fastenal Company (NASDAQ: FAST) has announced a conference call to discuss its first quarter 2022 results on April 13, 2022, at 9:00 a.m. CT. The call will be accessible via the internet, and a presentation will be available from 6:00 a.m. CT on the same day. Fastenal operates around 3,200 locations in 25 countries and provides a range of industrial and safety products, emphasizing a tailored local inventory and innovative supply chain solutions.
Fastenal Company (Nasdaq: FAST) reported its financial results for the quarter and year ended December 31, 2021. Net sales reached $6,010.9 million, up 6.4% year-over-year, with a strong fourth-quarter performance of $1,531.8 million, a 12.8% increase. Gross profit increased 8.2% to $2,777.2 million, while net earnings rose 7.7% to $925 million. Daily sales growth was noted at 7.3% for the year and 14.6% in Q4. However, operating expenses grew 9.4%, impacting profitability. The company aims for 375-400 new Onsite locations in 2022.
Fastenal Company (NASDAQ: FAST) announced a quarterly dividend of $0.31 per share, payable on March 2, 2022 to shareholders on record as of February 2, 2022. This marks a continuation of the company's commitment to regular dividend payments, having shifted to quarterly distributions in 2011. Fastenal's dividends have seen a consistent increase over the years, with a total of $1.12 paid in 2021 and $1.40 in 2020, including a special dividend. Future dividends will depend on company financials and relevant factors.
Fastenal Company (NASDAQ:FAST) has announced a conference call scheduled for January 19, 2022, at 9:00 a.m. central time to discuss its 2021 annual and fourth quarter results, along with insights into current operations. The call will be accessible online, with a presentation available at 6:00 a.m. on the same day. Additionally, a recording of the call will be archived for future listening until March 1, 2022.
Fastenal operates over 3,200 locations across 25 countries, providing diverse industrial and safety products.
Summary not available.
Fastenal Company (Nasdaq:FAST) reported Q3 2021 financial results, showing a 10.0% increase in net sales to $1,554.2 million compared to Q3 2020. Gross profit rose 12.4% to $720.2 million, with gross profit margin increasing to 46.3%. Daily sales to national account customers increased 16.8%. Despite inflationary pressures on materials and transportation, diluted EPS rose by 9.7% to $0.42. However, sales for safety products and supplies declined, reflecting changes in demand due to COVID-19. The company anticipates slower growth in new Onsite locations, projecting 285 to 325 signings for 2021.
FAQ
What is the current stock price of Fastenal Co (FAST)?
What is the market cap of Fastenal Co (FAST)?
