Fastenal Co Stock Price, News & Analysis

Fastenal Company (Nasdaq:FAST) reported its financial results for Q2 2021, revealing a slight net sales decline of 0.1% year-over-year, totaling $1,507.7 million. Gross profit increased by 4.3% to $700.7 million while net earnings rose to $239.7 million, yielding a diluted EPS of $0.42. The company saw strong demand in manufacturing and construction but faced a decline in PPE and sanitation product sales compared to the pandemic peak in 2020. The gross profit margin improved to 46.5%, reflecting favorable product mix and operational leverage.

Fastenal Company (Nasdaq: FAST) has declared a quarterly dividend of $0.28 per share, scheduled for payment on August 24, 2021. Shareholders must be on record by the close of business on July 27, 2021. Fastenal resumed quarterly dividends in 2011 after paying special dividends previously in December 2008, 2012, and 2020. The company has increased its dividend payouts over recent years, reflecting a commitment to returning income to shareholders, supported by its solid financial performance.

Fastenal Company (Nasdaq:FAST) has scheduled a conference call on July 13, 2021, at 9:00 a.m. CT to discuss 2021 second-quarter results and ongoing operations. The call will be accessible via the Internet, with a presentation available at 6:00 a.m. CT on the same day, offering supplemental information on quarterly results. An online archive of the webcast will remain available until September 1, 2021. Fastenal provides a broad range of products and services, focusing on simplifying supply chain processes for customers across multiple regions.

Fastenal Company (Nasdaq:FAST) has declared a quarterly dividend of $0.28 per share, payable on May 25, 2021, to shareholders on record as of April 26, 2021. This marks the continuation of Fastenal's dividend payments, which began in 1991 and transitioned to quarterly payments in 2011. The company has also issued special one-time dividends in the past. Future dividends will rely on financial conditions and decisions made by the board, with an intention to maintain regular payments.

Fastenal Company (Nasdaq:FAST) has scheduled a conference call for April 13, 2021, at 9:00 a.m. CT to discuss its first quarter results and current operations. The call will be accessible via the Fastenal investor website, where a presentation with supplemental earnings information will be available at 6:00 a.m. on the same day. The webcast recording will be archived for access until June 1, 2021. Fastenal specializes in supply chain solutions, offering over nine product lines through 3,200+ locations across North America, Asia, Europe, and Latin America.

Fastenal Company (NASDAQ: FAST) reported its 2020 financial results, showing a 5.9% increase in net sales to $5,647.3 million. The fourth quarter saw a 6.4% rise in net sales compared to the previous year, driven by demand for safety and janitorial products. However, gross profit margin declined 130 basis points to 45.6%. Operating income increased 8.0% year-over-year, while net earnings rose 8.6% to $859.1 million. The company returned $803.4 million in dividends, including a special dividend, reflecting a positive financial outlook.

Fastenal Company (Nasdaq:FAST) has declared a dividend of $0.28 per share, payable on March 3, 2021, to shareholders of record by the close of business on February 3, 2021. This marks the continuation of its long-standing dividend policy that began in 1991, evolving from annual to semi-annual and now quarterly payments since 2011. The company aims to maintain this dividend frequency; however, future payments will depend on financial conditions and operational results. Since 2019, total dividends have increased steadily, with a significant payout history, including special dividends.

Fastenal Company (Nasdaq:FAST) has scheduled a conference call for January 20, 2021, at 9:00 a.m. CT to discuss its 2020 annual and fourth quarter results. The call will be streamed live and will include insights beyond the earnings announcement. Access to the call and presentation materials will be available on their investor relations site. Fastenal's supply chain solutions encompass a wide range of products delivered through over 3,200 locations, emphasizing customer service to drive growth.

Fastenal Company (NASDAQ: FAST) has declared a special one-time dividend of $0.40 per share, payable in cash on December 22, 2020, to shareholders of record as of December 2, 2020. This marks the continuation of Fastenal's dividend tradition, which began in 1991. In 2020, the total dividends paid amounted to $1.400 per share, including this special dividend. The board intends to maintain regular quarterly dividends, although future payments will depend on the financial health and other relevant factors.