Categories AlphaGraphs, Earnings, Industrials

FAST Earnings: Highlights of Fastenal’s Q4 2023 report

Fastenal Company (NASDAQ: FAST) on Thursday announced fourth-quarter 2023 financial results, reporting higher sales and net income.

Fastenal Q4 2023 earnings infographic

Net income was $266.4 million, or $0.46 per share, in the fourth quarter of 2023, compared to $245.6 million, or $0.43 per share, in the same period of 2022.

Driving the earnings growth, net sales increased 3.7% year-over-year to $1.76 billion in Q4. The top line benefited from higher unit sales amid strong growth in Onsite locations, particularly those newly opened in 2023 and 2022.

Prior Performance

  • Fastenal Q4 2022 earnings infographic

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