secwatch.observer — SEC 8-K summary
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Issuer:     FASTENAL CO (FAST)
CIK:        0000815556
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000815556-24-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastenal Q3 EPS flat at $0.52; revenue up 3.5% but gross margin drops 100bps
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- Net sales $1.91B (+3.5% YoY); daily sales +1.9%, with one extra selling day.
- Gross margin fell 100 bps to 44.9% on unfavorable customer/product mix and lower rebates.
- Diluted EPS unchanged at $0.52; operating margin down 70 bps to 20.3%.
- Onsite signings of 93 in Q3; active sites up 11.7% YoY; digital footprint at 61.1% of sales.
- Operating cash flow $297M, down 23.5% due to inventory buildup; FY24 capex raised to $235-$255M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/815556/000081555624000035/0000815556-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/815556/000081555624000035/fast-20241011.htm
  HTML page:      https://secwatch.observer/filing/0000815556-24-000035

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