Fastenal (FAST) Revenue — Quarter Ended Sep 30, 2023
Revenue declined from the prior quarter but rose compared with the same quarter last year. The filing context notes normalization of global supply chains and slower business activity as factors influencing working capital.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined from the prior quarter but rose compared with the same quarter last year. The filing context notes normalization of global supply chains and slower business activity as factors influencing working capital.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
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 |
|---|---|---|
| Dec 31, 2022 | $1.7B | +10.7% |
| Mar 31, 2023 | $1.9B | +9.1% |
| Jun 30, 2023 | $1.9B | +5.9% |
| Sep 30, 2023 | $1.8B | +2.4% |
Revenue performance
Revenue for the quarter decreased sequentially, reflecting a reversal from the growth trend seen in earlier periods of the fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower; however, it was higher than the same quarter one year earlier.
What to watch
Watch for any further commentary on whether slower business activity persists and its potential impact on revenue momentum.