Fastenal Q1 net sales up 9.1% to $1.86B; EPS $0.52 (+10.4%)

FASTENAL CO

2023-Q1 EPS reported $0.52 revenue$1,859,100,000

Net sales $1,859.1M (+9.1% YoY); diluted EPS $0.52 (+10.4%).
Gross margin fell to 45.7% from 46.6% due to mix and product margin pressure.
Onsite locations added 89 new sites; total active up 16.3% to 1,674.
FMI (digital) sales rose 21.3% to $740.4M, now 39.4% of sales.
Operating cash flow $388.5M, up 68.9%, driven by working capital improvement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FASTENAL CO reported the quarter ended March 31, 2023 results: revenue $ 1,859.1, net income $ 295.1, EPS $ 0.52.

Period: the quarter ended March 31, 2023
Revenue: $ 1,859.1
Net income: $ 295.1
EPS: $ 0.52
Result: reported results

Exact text from the filing

rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period. PERFORMANCE SUMMARY Three-month Period 2023 2022 Change Net sales $ 1,859.1 1,704.1 9.1 % Business days 64 64 Daily sales $ 29.0 26.6 9.1 % Gross profit $ 850.0 793.3 7.2 % % of net sales 45.7 % 46.6 % Operating and administrative expenses $ 456.8 435.3

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Source: SEC EDGAR

accession 0000815556-23-000019

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