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Mar 31, 2020
Fastenal Q1 2020 Earnings Report
Fastenal's financial performance increased slightly due to growth drivers and coronavirus pandemic related sales.
Key Takeaways
Fastenal Company reported a 4.4% increase in net sales for the first quarter of 2020, driven by growth drivers and pandemic-related sales. Diluted net earnings per share increased by 4.0% to $0.35. The company signed 4,798 industrial vending devices and 85 new Onsite locations.
Net sales increased by 4.4% compared to the first quarter of 2019.
Daily sales increased by 2.8% year-over-year, adjusted for one additional selling day.
Diluted net earnings per share increased by 4.0% to $0.35.
Signed 4,798 industrial vending devices and 85 new Onsite locations.
Fastenal
Fastenal
Fastenal Revenue by Segment
Revenue by Segment
Fastener products Revenue
CapyFin.com Forward Guidance
Due to slowing business activity, customer closures, and efforts to source critical parts, Fastenal has limited visibility for vending and Onsite signings and cannot provide guidance for 2020.