Fastenal Q3 EPS $0.52, sales up 2.4%; fastener DSR -2%; capex guide cut to $180-190M

FASTENAL CO

2023-Q3 EPS reported $1.55 revenue$5,588,100,000

Diluted EPS $0.52 (up 4.1%); net sales $1,845.9M (+2.4%); daily sales growth 4.0%.
Fastener DSR -2.0% (vs +18.2% in Q3 2022); safety +9.2%; non-residential construction DSR -7.2%.
Signed 93 new Onsites in Q3; active sites up 13.5% to 1,778; target ~350 signings for FY2023.
Capex guidance reduced to $180-190M from $210-230M; inventory down 9.8% YoY.
Operating cash flow $388.1M (131.3% of net earnings, up from 90.6%); no share repurchases in Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FASTENAL CO reported the quarter ended September 30, 2023 results: revenue $1,845.9, net income $295.5, EPS $0.52.

Period: the quarter ended September 30, 2023
Revenue: $1,845.9
Net income: $295.5
EPS: $0.52
Result: reported results

Exact text from the filing

contraction (negative) for the applicable period. PERFORMANCE SUMMARY Nine-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 5,588.1 5,285.0 5.7 % $ 1,845.9 1,802.4 2.4 % Business days 191 192 63 64 Daily sales $ 29.3 27.5 6.3 % $ 29.3 28.2 4.0 % Gross profit $ 2,555.1 2,447.4 4.4 % $ 847.6 826.5 2.6 % % of net sales 45.7 % 46.3 %

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Source: SEC EDGAR

accession 0000815556-23-000043

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