earnings
confidence high
sentiment neutral
materiality 0.65
Fastenal Q4 net sales up 10.7% to $1.7B, EPS $0.43; full-year EPS $1.89, up 17.8%
FASTENAL CO
2022-FY EPS reported
$1.89
revenue$6,980,600,000
- Q4 revenue $1,695.6M (+10.7% YoY); gross margin fell to 45.3% from 46.5% due to mix and pricing.
- Full-year net sales $6,980.6M (+16.1%); net earnings $1,086.9M (+17.5%); operating cash flow $941.0M (+22.2%).
- Onsite locations active 1,623 (+14.6%); signed 62 new Onsites in Q4; 2023 goal 375-400 signings.
- FMI Technology sales $663.4M in Q4 (+22.1%), representing 38.7% of total sales; 2023 device signing goal 23k-25k MEUs.
- Returned $949.1M to shareholders in 2022 via dividends ($711.3M) and buybacks ($237.8M); capex guidance for 2023 $210-230M.