secwatch.observer — SEC 8-K summary
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Issuer:     FASTENAL CO (FAST)
CIK:        0000815556
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0000815556-23-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/815556/000081555623000043/0000815556-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815556/000081555623000043/fast-20231012.htm
  HTML page:      https://secwatch.observer/filing/0000815556-23-000043

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