FAST - Fastenal Secures Its Supply Chain in 2022
Shares of the Fastenal Company (NASDAQ: FAST) loosened up and went for a jog on Wednesday, rising more than 2% in morning trading after the company reported gangbusters earnings for its fiscal first-quarter 2022.
As well they might. Fastenal didn't just " beat earnings " for the quarter (although it did that, too). Fastenal produced monster growth by just about any metric you choose for the quarter -- revenues, profit margins, or earnings growth .
About the only place where an investor could have a quibble with Fastenal's results, in fact, was on the company's cash flow statement where Fastenal suffered an -- at first -- disheartening slump in cash generation. But as it turns out...that was all according to plan.
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Fastenal Secures Its Supply Chain in 2022