Fastenal Q4: Earnings Miss, 3.7% Sales Growth, Manufacturing Woes And More
Fastenal Company (NASDAQ:FAST) shares are trading lower after the company reported fourth-quarter results. Fastenal reported sales growth of 3.7% year-over-year to $1.825 billion, missing the consensus of $1.844 billion. There was one more selling day in the fourth quarter of 2024 relative to the prior year period, and considering this, the company’s net daily sales increased by 2.1%. Growth remained slow due to a persistently weak manufacturing environment, further impacted by sharp year-end pr