Fastenal Q4 net earnings $266.4M ($0.46 EPS); sales up 3.7% to $1.76B

FASTENAL CO

2023-FY EPS reported $2.02 revenue$7,346,700,000

Net earnings $266.4M ($0.46 diluted EPS) vs $245.6M ($0.43) in Q4 2022; full-year EPS $2.02.
Daily sales grew 3.7% in Q4; fastener DSR -2.3%, safety +9.4%, other +5.3%.
National accounts DSR +8.5%, non-national -3.2%; Onsite active locations up 12.3% YoY to 1,822.
Paid $0.35 regular + $0.38 special dividend in Q4; total debt reduced to $260M from $555M YoY.
2024 guidance: 375-400 Onsite signings, 26,000-28,000 FASTBin/FASTVend MEU signings, capex $225-245M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

FASTENAL CO reported the quarter and year ended December 31, 2023 results: revenue $1,758.6, net income $266.4, EPS $0.46.

Period: the quarter and year ended December 31, 2023
Revenue: $1,758.6
Net income: $266.4
EPS: $0.46
Result: reported results

Exact text from the filing

contraction (negative) for the applicable period. PERFORMANCE SUMMARY Twelve-month Period Three-month Period 2023 2022 Change 2023 2022 Change Net sales $ 7,346.7 6,980.6 5.2 % $ 1,758.6 1,695.6 3.7 % Business days 253 254 62 62 Daily sales $ 29.0 27.5 5.7 % $ 28.4 27.3 3.7 % Gross profit $ 3,354.5 3,215.8 4.3 % $ 799.4 768.4 4.0 % % of net sales 45.7 % 46.1 %

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Source: SEC EDGAR

accession 0000815556-24-000002

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