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Sep 30, 2021
Fastenal Q3 2021 Earnings Report
Reported a strong growth in underlying demand for manufacturing and construction equipment and supplies, which drove higher unit sales.
Key Takeaways
Fastenal Company reported a 10.0% increase in net sales for the third quarter of 2021 compared to the same period in 2020. Diluted net earnings per share increased to $0.42 from $0.38 in the prior year. The company experienced strong growth in demand for manufacturing and construction equipment and supplies.
Net sales increased by 10.0% compared to the third quarter of 2020.
Fastener daily sales grew 20.2% over the third quarter of 2020.
Daily sales to national account customers increased 16.8% in the third quarter of 2021.
Gross profit, as a percentage of net sales, increased 100 basis points to 46.3%.
Forward Guidance
The company anticipates signing between 285 and 325 Onsite locations in 2021, and weighted FASTVend and FASTBin device signings in 2021 of 20,500 to 22,000 MEUs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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