Fastenal (FAST) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was slightly lower than the immediately preceding period but increased compared to the same quarter last year. The company's filing highlighted changes in working capital, particularly inventory, which affected cash flow.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was slightly lower than the immediately preceding period but increased compared to the same quarter last year. The company's filing highlighted changes in working capital, particularly inventory, which affected cash flow.
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
-0.3%
Change from the immediately preceding quarter.
Year-over-year
+3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.5B
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, 2023 | $1.8B | +3.7% |
| Mar 31, 2024 | $1.9B | +1.9% |
| Jun 30, 2024 | $1.9B | +1.8% |
| Sep 30, 2024 | $1.9B | +3.5% |
Revenue performance
Reported revenue declined marginally from the prior quarter, reflecting a modest sequential contraction.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, continuing a year-over-year growth trend. The sequential decline, however, marks a pause from the prior quarter's level.
What to watch
The shift in inventory from a cash source to a cash use, as noted in the filing, may warrant monitoring for its impact on future operating cash flow.