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The economic data has been mixed for the last year but remains sufficient to sustain solid GDP growth, indicating growing activity, which is good news for business services companies. Business services companies provide value to other businesses with products and services that reduce time and costs, helping to sustain margins in critical industries.
Fastenal FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive results.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq: FAST) (herein 'Fastenal') has promoted Donnalee K. Papenfuss to the position of Executive Vice President of Strategy and Communications effective November 1, 2024. In this newly created role, Ms. Papenfuss will lead marketing and drive strategic initiatives in the areas of technology, sales, and environmental, social, and governance (ESG). Additionally, she will enhance communication efforts to support these initiatives and ensure alignm.
Review Fastenal's (FAST) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Fastenal reported better than expected Q3 earnings, resulting in a 10% jump in stock price. Fastenal has returned more than 51,000% since inception, equating to a CAGR of almost 20%. Earlier this year, the company achieved dividend champion status, but the rising payout ratio is something investors should monitor.
Fastenal NASDAQ: FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive results.
Fastenal (FAST) shares were the top gainer in the S&P 500 Friday after the maker of fasteners and other industrial supplies reported increased revenue even as disruptions caused by Hurricane Helene cut into sales.
FAST's third-quarter 2024 results reflect an increase in unit sales driven by growth with larger customers, offset by unfavorable customer and product mix.
Although the revenue and EPS for Fastenal (FAST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fastenal scored enough of an Q3 beat to trigger an early breakout. But the more interesting news is in the report's details.