Fastenal (FAST) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher net sales, driven by ongoing demand conditions.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company reported higher net sales, driven by ongoing demand conditions.
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
+7.8%
Change from the immediately preceding quarter.
Year-over-year
+1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
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, 2023 | $1.9B | +5.9% |
| Sep 30, 2023 | $1.8B | +2.4% |
| Dec 31, 2023 | $1.8B | +3.7% |
| Mar 31, 2024 | $1.9B | +1.9% |
Revenue performance
Revenue rose in the quarter, marking an improvement from the prior period.
Quarterly comparison
Sequentially, revenue advanced from the previous quarter. On a year-over-year basis, revenue also increased compared to the same period last year.
What to watch
Monitor the trajectory of inventory adjustments, as the company indicated the rightsizing process is substantially complete.