Fastenal Company Reports 2023 Annual and Fourth Quarter Earnings

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Fastenal (FAST) shares gain following earnings, revenue beat

January 18, 2024 1:50 PM EST

Fastenal (NASDAQ: FAST) shares rallied Thursday after reporting its latest quarterly earnings, topping profit and revenue consensus estimates.

The wholesale distributor of industrial and construction supplies reported Q4 EPS of $0.46, $0.01, better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.76 billion, up 3.7% YoY and above the consensus estimate of $1.75... More