Fastenal 3Q17 Earnings Call Notes
Dan Florness – President and CEO Didn’t take price this quarter, but there is still inflation “As you roll into 3Q, we feel like we got a little bit of incremental price but we also began to see a little … Continued
Fastenal 2Q17 Earnings Call Notes
Daniel Florness – President and CEO Able to take a little more advantage with price ” if we continue to see demand get better and the environment remains somewhat inflationary, then a window would probably open for us to take … Continued
Fastenal FY 1Q17 Earnings Call Notes
Dan Florness – President and CEO Holden Lewis Industrial production returned to growth “Industrial production returned to growth with an even stronger showing from key subcomponents like primary metal, fabricated metal and machinery areas that are more pertinent to our … Continued
Fastenal 4Q16 Earnings Call Notes
Fastenal’s (FAST) CEO Dan Florness on Q4 2016 Results Upbeat finish to a tough year “First off we had an upbeat finish to a tough year. Secondly, I believe we’ve changed the trends of our business. Third, I believe we’ve … Continued
Fastenal (FAST) 3Q 2016 Earnings Call
Fastenal (FAST) CEO Daniel Florness said they have been shrinking the amount of employees in the company after hiring a substantial amount in 2015 “During the last twelve months, we have reduced our headcount by 430 people in our stores and … Continued
Fastenal 3Q16 Earnings Call Notes
Fastenal’s (FAST) CEO Dan Florness on Q3 2016 Results DOL rules on exempt employees caused us to close stores “in May of 2016, the Department of Labor published some new rules regarding exempt employees. This rule, while it doesn’t impact … Continued
Fastenal (FAST) Q2 2016 Earnings
Fastenal (FAST) cited a weak economic climate in their earnings press release “As we indicated last fall, our customers are struggling with a weak economy. During the first quarter of 2016, the impact of seasonal plant shutdowns subsided and the … Continued
Fastenal 2Q16 Earnings Call Notes
Daniel Florness We saw longer term slowdowns in construction but also temporary shutdowns affected the quarter “In a construction front we saw slowdown in our energy customers in both May and June. And a piece of that is we’re seeing … Continued
Fastenal 1Q16 Earnings Call Notes
Daniel Florness CEO Benefit of extra business day and buybacks “In the quarter, we grew our sales about 3.5%. We had the benefit of additional business day during the quarter. So on a daily basis, we grew about two. Our … Continued
JS Notes: BLK, WFC, FAST, SLP, RMCF
Blackrock (BLK) CFO Gary Shedlin said the the company remains the #1 global provider of ETF’s, followed closely by Vanguard “Global iShares generated $60 billion of net new business in the fourth quarter and record flows of $130 billion for … Continued