Fastenal (FAST) missed on Q4 EPS of $0.39 vs the $0.40 Capital IQ Consensus and reported revenues of $922.8 mln (down 0.4% Y/Y) which is in line with the $922.75 mln Capital IQ Consensus.
- The co increased their quarterly dividend to $0.30/share from $0.28/share yesterday, ahead of reporting earnings.
- Co states that it was "hit hard" by slowdown in business with customers connected to oil and gas. This is not overly surprising given oil and gas market.
- Co also named Sheryl Lisowski as Interim CFO until a permanent CFO is named.
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