secwatch.observer — SEC 8-K summary
======================================

Issuer:     FASTENAL CO (FAST)
CIK:        0000815556
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0000815556-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastenal Q2 2024: Net Sales Rise 1.8%, Net Income Falls 1.8% to $292.7M
-----------------------------------------------------------------------

- Diluted EPS was $0.51 in Q2 2024, down 2.0% from $0.52 in Q2 2023.
- Gross profit margin fell to 45.1% from 45.5% due to unfavorable mix and supply chain inefficiencies.
- Signed 107 new Onsite locations in Q2, bringing active sites to 1,934 (up 11.9% YoY).
- FMI technology sales grew 7.0% to $811.4M, representing 41.8% of total sales.
- Operating income margin decreased to 20.2% from 21.0% as SG&A expenses grew faster than sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/815556/000081555624000028/0000815556-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815556/000081555624000028/fast-20240712.htm
  HTML page:      https://secwatch.observer/filing/0000815556-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer