Press release
Fastenal Company Reports 2024 Annual and Fourth Quarter Earnings
WINONA, Minn.--(BUSINESS WIRE)-- Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us'), a leader
About this update from Fastenal Company
[{"type":"text","content":" WINONA, Minn.--(BUSINESS WIRE)--\nFastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us'), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the year and quarter ended December 31, 2024. 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. Beginning in the first quarter of 2024, references to 'net earnings', 'operating and administrative expenses', and 'earnings before income taxes' have been revised in our condensed consolidated financial statements and financial reports, including this document, to 'net income', 'selling, general, and administrative (SG&A) expenses', and 'income before income taxes', respectively, and are calculated in conformity with U.S. GAAP.\n\n\nPERFORMANCE SUMMARY\n\n\n\n\n \n\n\n\n\n\n\nTwelve-month Period\n\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\n2024\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\nChange\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\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\nChange\n\n\n\n\n\n\n\n\nNet sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n7,546.0\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n7,346.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2.7\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,824.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n1,758.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n3.7\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\n255\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n253\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\n\n\n\n\n\n \n\n\n\n\n\n\n63\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n62\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\n29.6\n\n\n\n\n\n\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\n1.9\n\n\n\n\n\n\n%\n\n\n\n\n\n...