Categories AlphaGraphs, Earnings, Industrials
FAST Earnings: Fastenal Q2 profit drops despite increase in sales
Fastenal Company (NASDAQ: FAST) on Friday announced second-quarter 2024 financial results, reporting lower net income despite an increase in revenues.
Net income was $292.7 million or $0.51 per share in the second quarter of 2024, compared to $298.0 million, or $0.52 per share, in the same period of 2023.
Net sales edged up 2% year-over-year to $1.92 billion in Q2. The top line benefited from higher sales to larger customers and Onsite locations opened in the last two years. The company signed 107 new onsite locations and ended the quarter with a total of 1,934 active sites.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
KB Home’s Q3 results expected to benefit from built-to-order model, stable demand
KB Home (NYSE: KBH) has been resilient to challenges like high mortgage rates and the inflation-induced strain on family budgets, while benefitting from the recovery in the housing market. When
Signet Jewelers (SIG) reports lower Q2 2025 sales and adj. profit
Signet Jewelers Limited (NYSE: SIG) has reported a decline in net sales and adjusted earnings for the second quarter of 2025. Same-store sales declined 3.4% during the three months. Net
Adobe reports higher Q3 revenue and earnings; results beat estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in third-quarter 2024 revenue and earnings. The results also topped expectations. Third-quarter revenues came in at $5.41 billion,