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
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed