Fastenal said net sales for Q1 2024 (3 months) rose 1.9% to $1,895.1 million, and net income rose 0.9% to $297.7 million. Diluted net income per share was $0.52, unchanged from the prior-year period.

1. 01

   Fastenal said net sales for Q1 2024 (3 months) rose 1.9% to $1,895.1 million, and net income rose 0.9% to $297.7 million. Diluted net income per share was $0.52, unchanged from the prior-year period.

2. 02

   The company said its gross profit margin for Q1 2024 was 45.5%, down from 45.7% in the prior-year period, and its operating margin was 20.6%, down from 21.2%. The company attributed the negative effect on gross margin to customer and product mix.

3. 03

   Fastenal said operating cash flow for Q1 2024 was $335.6 million, down 13.6% from the prior-year quarter, and equal to 112.7% of net income for the period. In the same quarter, it returned $223.2 million to shareholders in dividends and did not repurchase any shares.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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