NASDAQ$FAST
Fastenal Company · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Fastenal's Q2 2022 earnings were reported, showcasing growth driven by strong demand in manufacturing and construction, along with effective pricing strategies.
Fastenal Company reported an 18.0% increase in net sales for the second quarter of 2022 compared to the same period in 2021. Daily sales also increased by 18.0%. Diluted net earnings per share increased to $0.50 from $0.42 in the prior year. The company's growth was fueled by strong demand in manufacturing and construction, as well as strategic pricing actions.
- Net sales increased by 18.0% compared to the second quarter of 2021.
- Diluted net earnings per share increased to $0.50 from $0.42 in the prior year.
- Daily sales to manufacturing customers increased by 23.1%, while sales to non-residential construction customers increased by 10.8%.
- The Digital Footprint represented 47.9% of sales, an increase from 41.4% in the second quarter of 2021.
Headline financials
Revenue & EPS history
Fastenal · Revenue · Quarterly
$1.78B
Revenue by segment
Fastenal · $461M total across 1 segment · Q1 2021
- Fastener Products$461M+2.3%100.0%
Forward guidance
The company expects its investment in property and equipment to be within a range of $180.0 to $200.0 million for 2022. The company expects 2022 signings goal for weighted FASTBin and FASTVend devices to be 21,000 to 23,000 MEUs.
Tailwinds
- Increase in spending on FMI equipment in anticipation of higher signings.
- Increase in spending on hub properties to reflect upgrades to and investments in automation.
- Increase in facilities upgrades.
- Increase in manufacturing capacity to support demand.
- Increase in manufacturing capacity to expand capabilities.
Headwinds
- Unspecified risks related to inflation.
- Unspecified risks related to supply chain constraints.
- Unspecified risks related to labor shortages.
- Unspecified risks related to the COVID-19 pandemic.
- Signings of FMI devices in the second quarter and year-to-date 2022 have improved slightly on a sequential basis, but at a slower pace than is necessary to achieve our annual goals.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.0%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+3.0%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+14.2%
Q3 2019
Best reaction
-9.5%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -6.9% | -12.2% | |
| Q4 2025 | -2.5% | +0.3% | +5.6% | |
| Q3 2025 | -7.6% | -7.3% | -10.5% | |
| Q2 2025 | -1.1% | +1.4% | -3.6% | |
| Q1 2025 | +6.4% | +6.1% | +3.7% | |
| Q4 2024 | +1.8% | +1.1% | +0.0% | |
| Q3 2024 | +9.6% | +11.1% | +19.1% | |
| Q2 2024 | +5.7% | +9.1% | +3.5% | |
| Q1 2024 | -5.7% | -8.0% | -9.2% | |
| Q4 2023 | +9.4% | +9.7% | +10.8% | |
| Q3 2023 | +7.3% | +7.2% | +7.1% | |
| Q2 2023 | -2.1% | -3.3% | -2.2% | |
| Q1 2023 | +1.4% | +2.5% | +4.2% | |
| Q4 2022 | +3.1% | +4.3% | +12.4% | |
| Q3 2022 | -3.9% | +4.0% | +13.4% | |
| Q2 2022 | -5.3% | -4.2% | +11.6% | |
| Q1 2022 | -2.9% | -4.7% | -8.7% | |
| Q4 2021 | -3.8% | -1.6% | -12.3% | |
| Q3 2021 | +2.7% | +6.7% | +13.5% | |
| Q2 2021 | -1.5% | -0.8% | +2.4% | |
| Q1 2021 | -1.3% | -0.3% | +5.0% | |
| Q4 2020 | -4.5% | -4.5% | -6.3% | |
| Q3 2020 | -5.6% | -5.0% | -2.7% | |
| Q2 2020 | +1.5% | +1.9% | +10.7% | |
| Q1 2020 | +7.1% | +11.3% | +19.9% | |
| Q4 2019 | -4.0% | -3.7% | +2.7% | |
| Q3 2019 | +14.2% | +14.8% | +19.5% | |
| Q2 2019 | -1.0% | +0.1% | -4.8% | |
| Q1 2019 | +6.9% | +6.6% | +0.7% | |
| Q4 2018 | +9.7% | +9.2% | +16.4% | |
| Q3 2018 | -7.9% | -5.3% | -1.6% | |
| Q2 2018 | +11.7% | +11.9% | +16.5% | |
| Q1 2018 | -6.8% | -6.9% | -4.9% | |
| Q4 2017 | -3.9% | -2.0% | -1.2% | |
| Q3 2017 | +2.4% | +5.3% | +6.1% | |
| Q2 2017 | -1.0% | -2.5% | -2.2% | |
| Q1 2017 | -9.5% | -9.0% | -11.1% | |
| Q4 2016 | +4.8% | +5.6% | +5.1% | |
| Q3 2016 | -7.3% | -9.0% | +6.6% | |
| Q2 2016 | -4.5% | -4.2% | -4.2% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | -6.3% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | -7.7% | — | — | |
| Q2 2014 | -5.5% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | +7.1% | — | — | |
| Q2 2012 | +8.6% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +6.9% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +1.4% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q2 2010 | +2.2% | — | — | |
| Q1 2009 | -2.8% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q3 2009 | -2.6% | — | — | |
| Q2 2009 | +0.7% | — | — |
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