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.
Source Fool.com
