Fastenal's Q3 Earnings Meet Estimates, Sales Miss, Stock Up
FASTFastenal(FAST) ZACKS·2024-10-12 01:40

Fastenal Company (FAST) reported mixed third-quarter 2024 results, with earnings meeting the Zacks Consensus Estimate and net sales missing the same. On a year-over-year basis, the top line rose while the bottom line remained flat. The quarterly results reflect increased unit sales driven by the growth of larger customers, Onsite locations opened in the last two years, and a stable pricing environment. The uptick was partially offset by Hurricane Helene causing disruptions to operations and logistics within ...