Fastenal第四季度财报:盈利未达预期,销售额增长3.7%,制造业面临挑战等

财报速递
17 Jan

Fastenal公司(纳斯达克代码:FAST)股价下跌,此前公司公布了第四季度财报结果。 Fastenal报告的销售额同比增长3.7%,达到18.25亿美元,但低于市场预期的18.44亿美元。 2024年第四季度相较去年同期多了一个销售日,考虑到这一点,公司日均销售额增长了2.1%。由于制造业持续低迷,再加上主要客户年末的大幅减产,增长保持缓慢。 外汇波动使本季度销售减少了20个基点。由于过去两年新开设的Onsite地点的增长以及未通过Onsite服务的大型客户,单位销售额在本季度有所增加。 加权FASTBin/FASTVend签订量同比增长24.3%,达到6,790台;加权FASTBin/FASTVend安装量同比增长12.2%。 第四季度,Fastenal的数字化服务占销售额的62.2%,较去年同期的58.1%有所增加。 毛利率从去年同期的45.5%缩小至44.8%,主要由于不利的客户和产品结构组合、紧固件和安全产品利润率受到的压力以及更高的进口关税。 运营收入为3.448亿美元,同比下降2.6%,运营利润率从2023年同期的20.1%下降至18.9%。 公司第四季度每股收益(EPS)为46美分,未达到市场预期的48美分。 Fastenal的全年经营现金流为11.73亿美元,同比减少18.1%。截至12月底,公司持有现金及等价物2.558亿美元。2024年和2023年,公司均未回购普通股。 总债务减少至2亿美元,占总资本的5.2%,而2023年底为7.2%。 公司在第四季度签订了56个新的Onsite地点,2024年全年签订数达到358个。活跃Onsite地点同比增长11.5%,达到2,031个。 展望2025年,公司计划目标为加权FASTBin和FASTVend设备签订量在28,000至30,000台之间;预计数字化服务占销售额比重在66%到68%之间;2025年在房地产和设备方面的净投资预计为2.65亿至2.85亿美元,高于2024年的2.141亿美元。 截至上周五,公司股价下跌1.7%,报73.50美元。 阅读更多:美国股市可能在特朗普就职前高开,分析师表示所有11个板块将在2025年实现利润增长。

以上内容来自Benzinga Earnings专栏,原文如下:

Fastenal Company (NASDAQ:FAST) shares are trading lower after the company reported fourth-quarter results.

Fastenal reported sales growth of 3.7% year-over-year to $1.825 billion, missing the consensus of $1.844 billion.

There was one more selling day in the fourth quarter of 2024 relative to the prior year period, and considering this, the company’s net daily sales increased by 2.1%. Growth remained slow due to a persistently weak manufacturing environment, further impacted by sharp year-end production cuts from major customers.

Foreign exchange fluctuations reduced sales by 20 bps in the quarter. Unit sales increased in the quarter due to growth at Onsite locations opened in the last two years along with larger customers not serviced through an Onsite. 

Weighted FASTBin/FASTVend signings (MEUs) rose 24.3% Y/Y to 6,790; Weighted FASTBin/FASTVend installations rose 12.2% Y/Y.

In the fourth quarter, FAST’s Digital Footprint represented 62.2% of sales, an increase from 58.1% a year ago.

The gross margin contracted to 44.8% from 45.5% a year ago quarter, primarily due to unfavorable customer and product mix, pressured fastener and safety product margins and higher import duty fees.

Operating income was $344.8 million (-2.6% Y/Y), and the margin was 18.9%, a decline from 20.1% in the same quarter of 2023.

The company’s fourth-quarter EPS was 46 cents, missing the estimate of 48 cents.

Fastenal’s operating cash flow for the year was $1.173 billion, a decrease of 18.1% year over year. The company held cash and equivalents of $255.8 million as of December end. The company did not repurchase any common stock in 2024 or 2023.

Total debt decreased to $200 million (5.2% of total capital) at the end of the quarter. This compares to 7.2% of total capital at the end of 2023.

The company signed 56 new Onsite locations in the fourth quarter, resulting in 358 signings in 2024. Active Onsite locations rose 11.5% to 2,031.

Outlook: For 2025, the company targets weighted FASTBin and FASTVend device signings between 28,000 and 30,000 MEUs.

The company expects 66% – 68% of the sales volume to account for the Digital Footprint during 2025.

In 2025, net investment in property and equipment is expected to be within the $265.0 million – $285.0 million range, up from $214.1 million in 2024.

Price Action: FAST shares are down 1.7% at $73.50 at the last check Friday.

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Photo via Shutterstock.

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