Wed, Apr 16, 4:46 PM (25 days ago)
**FASTENAL COMPANY (FAST) Q1 2025 Financial Summary** **Revenue and Profit Margins:** - Q1 2025 revenue: $1,959.4 million, up 3.4% YoY. - Gross profit margin: 45.1%, down from 45.5% in Q1 2024 due to customer and product mix, higher fleet and transportation costs, and supplier incentives. - Operating income margin: 20.1%, down from 20.6% in Q1 2024. - Net income: $298.7 million, up 0.3% YoY. - Net income per share: $0.52, unchanged YoY. **Cash Flow:** - Net cash provided by operating activities: $262.2 million, down 21.8% YoY. - Net cash used in investing activities: $53.8 million, up 11.3% YoY. - Net cash used in financing activities: $235.5 million, down 11.9% YoY. **Earnings Changes and Trends:** - Daily sales increased by 5.0% YoY, driven by improved customer contract signings and growth in customer sites spending $10K or more per month. - Fastener product line growth resumed after seven consecutive flat or declining quarters. - Safety supplies and other product lines experienced growth, reflecting lower volatility and success with specific customer segments. - Manufacturing end markets outperformed, driven by key account customers and managed spend. - Non-manufacturing end markets were impacted by growth with warehousing and storage customers, partially offset by declining sales with resellers. **Uncertainties and Future Operations:** - Economic downturns, weakness in end markets, competitive pressure, and changes in customer needs pose risks. - Inflation, foreign currency exchange rates, and commodity prices may impact costs and margins. - The company continues to invest in FMI technology, distribution centers, and IT, with expected capital expenditures of $265.0 to $285.0 million for 2025. - The company remains focused on growth through customer service, digital capabilities, and strategic initiatives.