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Fastenal FAST Q3 2024 earnings

Reported October 11, 2024 · Before market open

Revenue estimate$1.9B
EPS estimate$0.51

Next report

Jul 14, 2026 (In 4 days)
Revenue estimate$2.3B
EPS estimate$0.33

Financials

Q3 2024

Income statement

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Revenue$1.9B+3.5%
Gross profit$858.6M+1.3%
Operating income$388.1M+0.4%
Net income$298.1M+0.9%
EPS (diluted)$0.26-50.0%

Balance sheet

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Cash & equivalents$292.2M-1.8%
Total debt$526.8M-2.2%
Total equity$3.6B+3.8%
Total assets$4.7B+3.1%

Cash flow

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Operating cash flow$296.9M-23.5%
CapEx$59.4M+26.7%
Free cash flow$237.5M-30.4%

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$40.9B+31.0%
Enterprise value$41.13B+30.8%
P/E35.4×+7.9×
P/S5.5×+1.2×

Profitability

See full
Gross margin45.2%-0.4pp
Operating margin20.3%-0.4pp
Net margin15.4%-0.1pp
FCF margin13.9%-2.6pp

Returns & leverage

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Return on equity32.7%-1.5pp
Debt / equity0.1×0.0×
Current ratio4.4×-0.3×

Segments

By segment

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U.S. reportable segment$1.6B+3.4%
Other operating segment$318.2M+5.5%

By geography

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Canada and Mexico$264.1M+7.5%
All other foreign countries$58.9M+5.9%

Versus estimates

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Questions, answered.

When did Fastenal report Q3 2024 earnings?
Fastenal (FAST) reported Q3 2024 earnings on October 11, 2024 before market open.
What were Fastenal's Q3 2024 revenue and EPS?
Fastenal reported revenue of $1.9B and diluted EPS of $0.26 for Q3 2024.
Did Fastenal beat estimates in Q3 2024?
Revenue beat the consensus estimate of $1.9B by $7.1M. EPS missed the consensus estimate of $0.51 by $0.25.
Where can I find Fastenal's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0000815556-24-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.