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Fastenal’s Revenue and Income Rose in 3Q15

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Fastenal’s price movement

Fastenal (FAST) has a market cap of $11.0 billion. Fastenal’s YTD (year-to-date) price movement is falling day by day. After the earnings report in 3Q15, Fastenal fell by 2.2% to close at $37.95 per share as of October 13, 2015. The revenue fell by 0.25% in 3Q15 compared to the net revenue in 2Q15. The price movement on a weekly, monthly, and YTD basis is 2.4%, -0.68%, and -18.6%, respectively. It’s trading at -0.24% on a trailing five-day basis.

Technically, it has broken the major support in 2015. Currently, it’s trading at 1.7% above the 20-day moving average, -1.3% below the 50-day moving average, and -7.9% below the 200-day moving average.

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) invests 1.6% of its holdings in Fastenal. QQXT tracks an equal-weighted index of NASDAQ-100 stocks that excludes technology companies. QQXT’s YTD price movement is 1.0% as of October 12, 2015.

Fastenal’s competitors and their market caps are:

  • W.W. Grainger (GWW) – $14.7 billion
  • HD Supply Holdings (HDS) – $6 billion
  • Watsco (WSO) – $4.5 billion
  • MSC Industrial Direct Co. (MSM) – $3.8 billion
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Fastenal’s performance in 3Q15

According to Fastenal’s 3Q15 earnings report, the company reported net revenue of $995.3 million in 3Q15—a rise of 1.5% compared to the net revenue of $980.8 million in 3Q14. The gross profit and EPS (earnings per share) rose to $502.2 million and $0.47 per share in 3Q15—a rise of 0.70% and 4.4% compared to the gross profit and EPS in 3Q14. The net revenue fell by 0.25% in 3Q15 compared to the revenue in 2Q15. The inventories and current ratio rose to $883.2 million and 4.5 in 3Q15—a rise of 0.74% and 8.4% compared to the inventories and current ratio of $876.7 million and 4.2 in 2Q15. The debt-to-equity ratio fell by 2.5% in 3Q15 compared to the debt-to-equity ratio in 2Q15.

About Fastenal

Fastenal supplies OEM (original equipment manufacturer), MRO (maintenance, repair, and overhaul), and construction products. Its stores are located in Houston, Indianapolis, Atlanta, Toronto, and Shanghai.

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