Fastenal’s Growth Initiatives Supported Double-Digit Sales and EPS Growth in 2017; FVE Raised to $52
Fastenal’s fourth-quarter sales increased about 15% year over year and adjusted EPS, which excludes one-time tax items, grew 12.5% to $0.45. These results were in line with the consensus revenue and adjusted EPS estimates. Fastenal’s full-year sales and adjusted EPS both grew about 11% versus fiscal 2016; 2017 marks the first year the wide-moat industrial distributor posted double-digit top- and bottom-line growth since 2012. Fastenal’s vending and on-site solutions have become the firm’s primar...Fastenal is engaged in the wholesale distribution of industrial and construction supplies. The company is a distributor of fasteners and related industrial and construction supplies. This includes threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. The company's fastener product line is primarily sold under the Fastenal product name.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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