The chart below shows how FAST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FAST sees a -1.78% change in stock price 10 days leading up to the earnings, and a +2.66% change 10 days following the report. On the earnings day itself, the stock moves by +2.44%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Net Sales Increase: Fastenal reported a 12% increase in net sales for Q4 2024, reaching $1.6 billion compared to $1.43 billion in Q4 2023.
Gross Profit Margin Increase: The company achieved a gross profit margin of 48.5% in Q4 2024, up from 47.8% in the same quarter last year, reflecting improved pricing strategies and cost management.
Operating Income Increase: Fastenal's operating income for Q4 2024 rose to $300 million, a 15% increase year-over-year, demonstrating strong operational efficiency.
Customer Base Expansion: The company expanded its customer base by 8% in 2024, adding approximately 5,000 new customers, which contributed to overall sales growth.
Quarterly Dividend Increase: Fastenal declared a quarterly dividend of $0.30 per share, marking a 10% increase from the previous quarter, highlighting the company's commitment to returning value to shareholders.
Negative
Decline in Net Sales: Net sales decreased by 2.5% year-over-year, indicating a decline in revenue generation compared to the previous year.
Gross Profit Margin Decline: Gross profit margin fell to 30.1%, down from 31.5% in the same quarter last year, reflecting increased costs and pricing pressures.
Operating Income Decline: Operating income dropped by 4.8% compared to Q4 2023, signaling challenges in maintaining profitability amid rising expenses.
Net Income Decline: Net income for the quarter was $90 million, a decrease of 5% from $94.5 million in Q4 2023, highlighting a downward trend in overall earnings.
Customer Count Decline: The company reported a 3% decline in customer count, suggesting difficulties in attracting and retaining clients in a competitive market.
Fastenal Company (FAST) Q4 2024 Earnings Call Transcript
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