Industrial supplies giant Fastenal (FAST) posted its first-quarter 2019 earnings before the market opened on Thursday, April 11.
Net sales jumped 10.4% to $1.31 billion in the quarter, with daily sales growing 12.2% to $20.8 million. Net earnings soared 11.4% to $194.1 million.
For the three-month period, Fastenal earned 11.9% more at 68 cents per diluted share. The company signed 5,603 industrial vending devices during the first quarter, with its installed device count at 83,410 on March 31, 2019, up 13.4% from a year ago.
Fastenal also signed 205 new Onsite locations during the period. Fastenal had 945 active sites on March 31, 2019, up 39.4% year-over-year.
For 2019, Fastenal expects vending device signings at 23,000-25,000 units, and Onsite signings of 375-400.
Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
