Fastenal Company Reports 2023 First Quarter Earnings

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[{"type":"text","content":" WINONA, Minn.--(BUSINESS WIRE)--\nFastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 2023. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period.\n\n\nPERFORMANCE SUMMARY\n\n\n\n\n \n\n\n\n\n\n \n\nThree-month Period\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n \n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n1,859.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1,704.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n9.1\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nBusiness days\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n64\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n64\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nDaily sales\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n29.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n26.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n9.1\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nGross profit\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n850.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n793.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n7.2\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n% of net sales\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n45.7\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n46.6\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating and administrative expenses\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n456.8\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n435.3\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n5.0\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n% of net sales\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n24.6\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n25.5\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n \n\n$\n\n\n\n\n\n\n393.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n358.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n9.8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\n% of net sales\n\n\n\n\n\n \n\n \n\n\n\n\n\n\n21.2\n\n\n\n\n\n\n%\n\n\n\n...

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