Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December.
Despite that, Fastenal did better than the manufacturing economy overall. National and regional reports from the Institute for Supply Management and the Mid-America Manufacturing Economy from ...
The company said it continued to see a "soft manufacturing environment" in the quarter, as some of its factory customers cut production more than expected around the holidays. Shares of Fastenal ...
Fastenal stock was rising after it reported second-quarter earnings per share of 51 cents from sales of $1.9 billion—right in line with analysts’ projections.
FEATURE Earnings from the manufacturing sector kicked off Friday with a report from with industrial distributor Fastenal Fastenal reported fourth-quarter earnings per share of 46 cents from sales of ...
Fastenal Company (NASDAQ ... Growth remained slow due to a persistently weak manufacturing environment, further impacted by sharp year-end production cuts from major customers.
Profit declined 1.6%. The company said it continued to see a "soft manufacturing environment" in the quarter, as some of its factory customers cut production more than expected around the holidays.
Fastenal sales and earnings for the fourth quarter and 2024 failed to meet analyst expectations as plant shutdowns during the holidays exacerbated a slow manufacturing economy. (Marci Schmitt/The ...