Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: Fastenal Company. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Fastenal had a better-than-expected quarter despite slowing growth, sufficient to sustain the capital return outlook.
Simply put, the business model is genius. Companies that wish to reduce costs and increase efficiency by improving their management of input inventory use Fastenal. Fastenal manages the inventory of work-related items with a full slate of inventory management solutions. The critical solution is Onsite services, which provide inventory and inventory management on-site at businesses across verticals.
Equity is up by 6% year-to-date and is expected to continue improving in the current quarter and next year.
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