earnings
confidence high
sentiment neutral
materiality 0.65
Fastenal Q2 2021 EPS flat at $0.42; fastener sales surge 28.4% YoY
FASTENAL CO
2021-Q2 EPS reported
$0.78
revenue$2,924,700,000
- Net sales $1,507.7M, essentially flat YoY; fastener daily sales +28.4%, safety daily sales -38.6% due to COVID surge comparisons.
- Gross margin improved 200 bps to 46.5% of net sales; operating margin up 20 bps to 21.1%.
- Signed 87 new Onsite locations in Q2; active sites up 9.2% to 1,323; still targeting 300-350 signings for full year.
- FMI (vending/bin/stock) daily sales +61.4%; Digital Footprint at 41.7% of sales.
- Capex guidance reaffirmed at $170-200M for 2021; total debt $405M, 12.3% of capital.