secwatch.observer — SEC 8-K summary
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Issuer:     FASTENAL CO (FAST)
CIK:        0000815556
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0000815556-22-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastenal Q1 net sales up 20.3% to $1.70B, EPS $0.47 (+27.8% YoY)
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- Net sales $1,704.1M (+20.3% YoY); organic daily sales +18.4% with 100 bps boost from easier weather comp.
- Diluted EPS $0.47 vs $0.37 last year (+27.8%); operating income margin expanded to 21.0% from 19.8%.
- Gross margin improved 120 bps to 46.6% due to absence of mask write-down and better safety product margins.
- Record 106 new Onsite signings in Q1, active sites up 12.1% to 1,440; FMI sales grew 48.4% to 35.4% of total sales.
- Operating cash flow down 16.3% to $230.0M (conversion 85.3% vs 130.5% prior year) on working capital build for growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/815556/000081555622000017/0000815556-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815556/000081555622000017/fast-20220413.htm
  HTML page:      https://secwatch.observer/filing/0000815556-22-000017

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