
Fastenal (FAST) Shows Surprising Strength in Commercial Construction
Fastenal (FAST) is showing surprising strength as commercial construction is strong. Also, this company is benefiting from inflation.
Fastenal (FAST) is showing surprising strength as commercial construction is strong. Also, this company is benefiting from inflation.
Fastenal (FAST) is growing sales in the low-single digits right now. And that means slow profit growth as well.
Nuts-and-bolts wholesaler Fastenal (FAST) hit an All-Time high qtrly profit growth accelerated from 0% to 9%.
Although the economy is growing good, construction spending is slow, which is hurting supply store Fastenal (FAST).
Fastenal (FAST) is in the fastener business, such as screws and nuts. Business is good with the economy humming/low rates.
Fastenal (FAST) provides industrial supplies — including tools, nuts and bolts — across America with company branded retail stores, onsite locations, and vending machines.
Fastenal (FAST) reports qtrly profits (EPS):
Reported: $0.47 vs. $0.37 = +27%
Estimates: $0.45 vs. $3.37 = +22%
Beat the street by $0.02
Revenue: +20%