The company said net sales for Q3 2024 (3 months) rose 3.5% to $1,910.2 million. It said daily sales rate (DSR), which adjusts for one more business day, increased 1.9%. The company estimated that the impact of Hurricane Helene reduced daily sales by 5 to 25 basis points.

1. 01

   The company said net sales for Q3 2024 (3 months) rose 3.5% to $1,910.2 million. It said daily sales rate (DSR), which adjusts for one more business day, increased 1.9%. The company estimated that the impact of Hurricane Helene reduced daily sales by 5 to 25 basis points.

2. 02

   Fastenal said its gross margin for Q3 fell to 44.9% from 45.9% in Q3 2023. The company cited customer and product mix, higher import duties related to Mexico, the absence of a large shipper rebate received in the prior-year period, and lower supplier rebates as factors.

3. 03

   The company said net income for Q3 2024 was $298.1 million, up 0.9% from the prior-year period. Diluted net income per share was $0.52, unchanged from the prior-year period.

4. 04

   The company said net cash provided by operating activities for Q3 2024 was $296.9 million, down 23.5% from the prior-year period. It cited the change in operating assets and liabilities, particularly inventory, which turned into a use of cash, as the reason the ratio of operating cash flow to net income fell to 99.6%.

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.

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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