Fastenal Q3 2021 Earnings Report
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%.
Fastenal
Fastenal
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.