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
Costco (COST) reports higher Q1 2025 sales and profit
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, has reported an increase in sales and net profit for the first quarter of 2025. Revenues increased to
Broadcom (AVGO) Q4 2024 adj. profit increases on higher revenues
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the fourth quarter of 2024. Excluding non-recurring items, earnings were $1.42 per share in the October quarter,
Macy’s (M) anticipates caution on discretionary spending will continue in Q4 2024
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 13% over the past three months. The retailer delivered mixed results for the third quarter of
