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Friday, 13 October 2023

FAST Earnings: Everything you need to know about Fastenal’s Q3 report

by Rose White

Fastenal Company (NASDAQ: FAST) on Thursday announced third-quarter 2023 financial results, reporting higher sales and net income.

FAST Earnings: Everything you need to know about Fastenal’s Q3 report

FAST Earnings: Everything you need to know about Fastenal’s Q3 report

Net income was $295.5 million, or $0.52 per share in the three-month period, compared to $284.6 million, or $0.50 per share in the third quarter of 2022.

Driving the growth, net sales increased 2% year-over-year to $1.85 billion in Q3. The top line benefited from higher unit sales, mainly reflecting strong growth in onsite locations, particularly those opened in the last two years

Prior Performance

  • Fastenal Q4 2022 earnings infographic

The post FAST Earnings: Everything you need to know about Fastenal’s Q3 report first appeared on AlphaStreet.

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