Fastenal (FAST) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was supported by a normalized supply chain environment, which reduced the need for excess working capital.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was supported by a normalized supply chain environment, which reduced the need for excess working capital.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+9.6%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.8B | +18.0% |
| Sep 30, 2022 | $1.8B | +16.0% |
| Dec 31, 2022 | $1.7B | +10.7% |
| Mar 31, 2023 | $1.9B | +9.1% |
Revenue performance
Reported revenue moved higher from the immediately preceding quarter, reflecting continued business momentum.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was also higher, extending the year-over-year growth trend observed in recent quarters.
What to watch
Monitor whether the normalized supply chain and reduced working capital needs persist in supporting revenue growth.