Fastenal (FAST) Revenue — Quarter Ended Jun 30, 2024
Revenue increased during the reported quarter, continuing the upward trajectory seen in recent periods. The growth was supported by steady customer demand.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased during the reported quarter, continuing the upward trajectory seen in recent periods. The growth was supported by steady customer demand.
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
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+1.8%
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 |
|---|---|---|
| Sep 30, 2023 | $1.8B | +2.4% |
| Dec 31, 2023 | $1.8B | +3.7% |
| Mar 31, 2024 | $1.9B | +1.9% |
| Jun 30, 2024 | $1.9B | +1.8% |
Revenue performance
Revenue in the period was higher compared to the prior year's same quarter, reflecting a positive performance.
Quarterly comparison
Sequentially, revenue grew from the immediately preceding quarter. On a year-over-year basis, revenue also increased.
What to watch
Operating cash flow declined relative to the same quarter a year ago, which may warrant attention to working capital management.