NASDAQ:FAST - Nasdaq - US3119001044 - Common Stock - Currency: USD
Fasteners, bolts, screws and studs may seem like a boring business, but its big business for Fastenal which may see sales surge in the "Golden Age" of manufact
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Shares of the Winona, Minnesota-based company fell 5.7% in premarket trading. "Slow rate of growth was exacerbated by many of our largest customers enacting unusually sharp production cuts in the last two weeks of December during holiday-related plant shutdowns," Fastenal said. Sales of fasteners, one of the core segments of the wholesale distributor, fell to 29.9% of the company's total sales, compared with 31.1% a year earlier.
Fastenal Company (NASDAQ:FAST) will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025. Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period. Fastenal projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier, according to data from Benzinga Pro. On Dec. 11, Stifel analyst Brian Butler downgraded Fastenal from Buy to Hold an