Fastenal Reports February Net Sales Up 13.3% to $710.56M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy FAST?
Fastenal reports February net sales and daily sales were up 13.3% each on a year-over-year basis to $710.56M and $35.53M, respectively.
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Analyst Views on FAST
Wall Street analysts forecast FAST stock price to fall
9 Analyst Rating
3 Buy
3 Hold
3 Sell
Hold
Current: 46.800
Low
38.00
Averages
45.00
High
52.00
Current: 46.800
Low
38.00
Averages
45.00
High
52.00
About FAST
Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, struts, rivets, and related accessories. Its business tools include Fastenal Managed Inventory (FMI), Bin stock (FASTStock and FASTBin) and Industrial vending (FASTVend). The Company also invests in digital solutions that aim to deliver value for its customers, leverage local inventory for same-day solutions, and provide service. It serves general and commercial contractors in non-residential end markets as well as farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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