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Barchart
Barchart
Neha Panjwani

What You Need to Know Ahead of Fastenal’s Earnings Release

FAST

Winona, Minnesota-based Fastenal Company (FAST) engages in the wholesale distribution of industrial and construction supplies. Valued at $41 billion by market cap, the company offers fasteners, cutting tools, metal working, lifting, hardware, plumbing, lubricant, and other related products. The leading distributor of industrial and construction supplies is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Friday, Oct. 11.

Ahead of the event, analysts expect FAST to report a profit of $0.52 per share on a diluted basis, flat from the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. 

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