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WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2024 third quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, October 11, 2024 at 9:00 a.m. central time. To access the call, please visit the following Web address: https://investor.fastenal.com/events.cfm Our conference c.
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Evaluate Fastenal's (FAST) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Fastenal's NASDAQ: FAST stock price has been on the rise since it reported earnings on Friday, July 15, 2024. The industrial company's shares have been up 5.7% since then.
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Fastenal (FAST) shares move higher after better-than-expected 2Q earnings. Steve Volkmann and Christopher P.
Fastenal's (FAST) second-quarter 2024 results reflect unit sales growth and favorable leverage of organizational costs. Yet, unfavorable foreign exchange rates, increased expenses, and lower product pricing hurt the prospects of the company.
Fastenal Company (NASDAQ:FAST ) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Daniel Florness - President & CEO Holden Lewis - CFO Conference Call Participants Tommy Moll - Stephens Stephen Volkmann - Jefferies Nigel Coe - Wolfe Research David Manthey - Baird Ryan Merkel - William Blair Operator Good morning, and welcome to the Fastenal Second Quarter 2024 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
Fastenal just reported Q2 results which came within expectations. Shares have fallen in recent months, underperforming broader markets, as well as the sector ETF. Continuing softness in the manufacturing environment has weighed on daily sales, while increased investments have impacted margins.
Shares of Fastenal Inc (NASDAQ:FAST) are up 4% at $66.75 at last glance, after the fastener distributer's second-quarter profit results met analyst expectations, while revenue came in higher than anticipated on the back of high demand for safety supplies.