Fastenal Q1 net sales up 1.9% to $1.895B; EPS unchanged at $0.52

FASTENAL CO

2024-Q1 EPS reported $0.52 revenue$1,895,100,000

Net sales $1.895B (+1.9% YoY); diluted EPS $0.52 (flat YoY).
Operating margin 20.6% vs 21.2% a year ago; SG&A deleveraged to 24.9% of sales.
Fastener sales DSR -4.4% YoY; safety supplies DSR +8.3%; Onsite locations up 11.8% to 1,872.
Digital Footprint 59.2% of sales (vs 54.1% a year ago); FMI sales +7.6%.
Operating cash flow $335.6M (112.7% of net income); capex guidance $225-245M for 2024.

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 0.99

FASTENAL CO reported the quarter ended March 31, 2024 results: revenue $ 1,895.1, net income $ 297.7, EPS $ 0.52.

Period: the quarter ended March 31, 2024
Revenue: $ 1,895.1
Net income: $ 297.7
EPS: $ 0.52
Result: reported results

Exact text from the filing

expenses', and 'income before income taxes', respectively, and are calculated in conformity with U.S. GAAP. PERFORMANCE SUMMARY Three-month Period 2024 2023 Change Net sales $ 1,895.1 1,859.1 1.9 % Business days 64 64 Daily sales $ 29.6 29.0 1.9 % Gross profit $ 861.6 850.0 1.4 % % of net sales 45.5 % 45.7 % Selling, general, and administrative expenses $ 471.4

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Source: SEC EDGAR

accession 0000815556-24-000017

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