The company said net sales for Q2 2024 rose 1.8% to $1,916.2 million, and operating income fell 2.0% to $386.9 million. Its operating margin was 20.2%, compared with 21.0% a year earlier.

1. 01

   The company said net sales for Q2 2024 rose 1.8% to $1,916.2 million, and operating income fell 2.0% to $386.9 million. Its operating margin was 20.2%, compared with 21.0% a year earlier.

2. 02

   Fastenal said its gross margin for Q2 was 45.1%, down from 45.5% a year earlier, and its SG&A ratio rose to 24.9% from 24.6%. The company cited customer and product mix and short-term supply chain inefficiencies as factors affecting gross margin.

3. 03

   The company said net cash from operating activities for Q2 fell 14.6% to $258.0 million, equal to 88.1% of net income. Over the 6 months, net cash from operating activities fell 14.0% to $593.6 million, equal to 100.5% of net income.

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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