Fastenal (FAST) Reports In-Line Q1 EPS of 38c
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Financial Fact:
Diluted net earnings per share: 0.44
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Fastenal (Nasdaq: FAST) reported Q1 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $876.5 million versus the consensus estimate of $869.99 million.
Monthly Sales Changes:
All company sales – During the months in 2014, 2013, and 2012, all of our selling locations, when combined, had daily sales growth rates of (compared to the same month in the preceding year):
| Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | |
| 2014 | 6.7% | 7.7% | 11.6% | |||||||||
| 2013 | 6.7% | 8.2% | 5.1% | 4.8% | 5.3% | 6.0% | 2.9% | 7.2% | 5.7% | 7.7% | 8.2% | 6.7% |
| 2012 | 21.3% | 20.0% | 19.3% | 17.3% | 13.1% | 14.0% | 12.1% | 12.0% | 12.9% | 6.8% | 8.2% | 9.7% |
Stores opened greater than two years – Our stores opened greater than two years (store sites opened as follows: 2014 group – opened 2012 and earlier, 2013 group – opened 2011 and earlier, and 2012 group – opened 2010 and earlier) represent a consistent 'same-store' view of our business. During the months in 2014, 2013, and 2012, the stores opened greater than two years had daily sales growth rates of (compared to the same month in the preceding year):
| Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | |
| 2014 | 5.5% | 6.5% | 10.2% | |||||||||
| 2013 | 5.0% | 6.5% | 3.4% | 3.1% | 3.5% | 4.3% | 1.4% | 5.5% | 4.2% | 6.1% | 6.2% | 4.9% |
| 2012 | 18.8% | 17.1% | 16.8% | 14.5% | 10.1% | 11.1% | 9.1% | 8.6% | 9.8% | 3.8% | 5.1% | 6.6% |
Stores opened greater than five years – The impact of the economy, over time, is best reflected in the growth performance of our stores opened greater than five years (store sites opened as follows: 2014 group – opened 2009 and earlier, 2013 group – opened 2008 and earlier, and 2012 group – opened 2007 and earlier). This group, which represented about 90% of our total sales in the first three months of 2014, is more cyclical due to the increased market share they enjoy in their local markets. During the months in 2014, 2013, and 2012, the stores opened greater than five years had daily sales growth rates of (compared to the same month in the preceding year):
| Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov. | Dec. | |
| 2014 | 4.6% | 5.4% | 9.5% | |||||||||
| 2013 | 3.2% | 5.6% | 2.3% | 2.0% | 2.7% | 3.4% | 0.6% | 4.7% | 3.2% | 5.3% | 6.1% | 4.8% |
| 2012 | 17.4% | 15.8% | 15.7% | 13.7% | 9.0% | 10.2% | 8.3% | 7.9% | 8.5% | 2.6% | 4.6% | 5.6% |
For earnings history and earnings-related data on Fastenal Co (FAST) click here.
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