Subtext

Fastenal Company FAST

SectorIndustrials
Transcripts69
Date range2008-04-11 – 2025-04-11
Calls charted69

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · Overall: +7.22008 Q2 · Overall: +6.12008 Q3 · Overall: +2.92008 Q4 · Overall: -1.72009 Q1 · Overall: -6.52009 Q2 · Overall: +2.82009 Q3 · Overall: +7.12009 Q4 · Overall: +6.62010 Q1 · Overall: +11.02010 Q2 · Overall: +6.92010 Q3 · Overall: +8.42010 Q4 · Overall: +5.52011 Q1 · Overall: +10.02011 Q2 · Overall: +11.12011 Q3 · Overall: +7.82011 Q4 · Overall: +9.92012 Q1 · Overall: +7.02012 Q2 · Overall: +8.82012 Q3 · Overall: +7.52012 Q4 · Overall: +10.12013 Q1 · Overall: +2.62013 Q2 · Overall: +8.22013 Q3 · Overall: +10.02013 Q4 · Overall: +0.72014 Q1 · Overall: +13.82014 Q2 · Overall: +8.52014 Q3 · Overall: +7.92014 Q4 · Overall: +7.12015 Q1 · Overall: -0.82015 Q2 · Overall: +1.92015 Q3 · Overall: +3.22015 Q4 · Overall: +3.72016 Q1 · Overall: +5.02016 Q2 · Overall: +1.32016 Q3 · Overall: +1.42016 Q4 · Overall: +5.32017 Q1 · Overall: +9.12017 Q2 · Overall: +9.62017 Q3 · Overall: +3.02017 Q4 · Overall: +3.92018 Q1 · Overall: +1.92018 Q2 · Overall: +10.32018 Q3 · Overall: +4.22018 Q4 · Overall: +7.12019 Q1 · Overall: +2.62019 Q2 · Overall: -1.92019 Q3 · Overall: -0.72019 Q4 · Overall: +1.42020 Q1 · Overall: -1.92020 Q2 · Overall: +0.92020 Q3 · Overall: +7.02020 Q4 · Overall: +4.72021 Q1 · Overall: +4.62021 Q2 · Overall: +0.32021 Q3 · Overall: +4.72021 Q4 · Overall: -0.32022 Q1 · Overall: +3.22022 Q2 · Overall: +0.12022 Q3 · Overall: +3.12022 Q4 · Overall: +3.12023 Q1 · Overall: +2.92023 Q2 · Overall: +3.72023 Q3 · Overall: +4.02023 Q4 · Overall: +4.62024 Q1 · Overall: +1.72024 Q2 · Overall: +2.32024 Q3 · Overall: +5.52024 Q4 · Overall: +5.02025 Q1 · Overall: +2.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-30-15+0+15+302008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · CEO: +8.52008 Q2 · CEO: +9.72008 Q3 · CEO: +7.82008 Q4 · CEO: +1.92009 Q1 · CEO: -2.92009 Q2 · CEO: +4.52009 Q3 · CEO: +6.42009 Q4 · CEO: +7.42010 Q1 · CEO: +13.52010 Q2 · CEO: +7.82010 Q3 · CEO: +15.02010 Q4 · CEO: +8.02011 Q1 · CEO: +14.42011 Q2 · CEO: +15.52011 Q3 · CEO: +11.42011 Q4 · CEO: +18.32012 Q1 · CEO: +17.42012 Q2 · CEO: +15.62012 Q3 · CEO: +17.22012 Q4 · CEO: +21.52013 Q1 · CEO: +6.42013 Q2 · CEO: +12.22013 Q3 · CEO: +16.22013 Q4 · CEO: +14.52014 Q1 · CEO: +26.32014 Q2 · CEO: +16.42014 Q3 · CEO: +19.62014 Q4 · CEO: +9.02015 Q1 · CEO: +6.72015 Q2 · CEO: +0.02015 Q3 · CEO: +10.52015 Q4 · CEO: +4.02016 Q1 · CEO: +5.02016 Q2 · CEO: +2.92016 Q3 · CEO: +5.82016 Q4 · CEO: +9.22017 Q1 · CEO: +6.62017 Q2 · CEO: +13.52017 Q3 · CEO: +5.52017 Q4 · CEO: +2.72018 Q1 · CEO: +1.52018 Q2 · CEO: +14.52018 Q3 · CEO: +5.62018 Q4 · CEO: +12.92019 Q1 · CEO: +5.42019 Q2 · CEO: +2.62019 Q3 · CEO: -1.22019 Q4 · CEO: +4.02020 Q1 · CEO: +1.42020 Q2 · CEO: +3.52020 Q3 · CEO: +10.42020 Q4 · CEO: +4.62021 Q1 · CEO: +7.02021 Q2 · CEO: +4.22021 Q3 · CEO: +8.12021 Q4 · CEO: +3.52022 Q1 · CEO: +4.52022 Q2 · CEO: +3.42022 Q3 · CEO: +8.12022 Q4 · CEO: +7.82023 Q1 · CEO: +11.22023 Q2 · CEO: +5.42023 Q3 · CEO: +6.12023 Q4 · CEO: +8.72024 Q1 · CEO: +4.22024 Q2 · CEO: +1.12024 Q3 · CEO: +8.12024 Q4 · CEO: +4.52025 Q1 · CEO: +1.92008 Q1 · CFO: +7.92008 Q2 · CFO: +10.82008 Q3 · CFO: +5.02008 Q4 · CFO: +0.02009 Q1 · CFO: -7.42009 Q2 · CFO: +5.82009 Q3 · CFO: +8.22009 Q4 · CFO: +10.02010 Q1 · CFO: +13.82010 Q2 · CFO: +5.92010 Q3 · CFO: +6.42010 Q4 · CFO: +9.02011 Q1 · CFO: +11.22011 Q2 · CFO: +12.62011 Q3 · CFO: +9.22011 Q4 · CFO: +9.82012 Q1 · CFO: +2.52012 Q2 · CFO: +8.02012 Q3 · CFO: +5.62012 Q4 · CFO: +2.42013 Q1 · CFO: +7.42013 Q2 · CFO: +9.32013 Q3 · CFO: +9.72013 Q4 · CFO: -4.72014 Q1 · CFO: +9.92014 Q2 · CFO: +8.62014 Q3 · CFO: +5.12014 Q4 · CFO: +11.12015 Q1 · CFO: -0.22015 Q2 · CFO: +4.12015 Q3 · CFO: +2.22016 Q1 · CFO: +13.52016 Q2 · CFO: +4.72016 Q3 · CFO: -3.12016 Q4 · CFO: +3.12017 Q1 · CFO: +13.32017 Q2 · CFO: +6.62017 Q3 · CFO: +2.92017 Q4 · CFO: +4.92018 Q1 · CFO: +5.02018 Q2 · CFO: +7.92018 Q3 · CFO: +3.82018 Q4 · CFO: +2.12019 Q1 · CFO: +0.02019 Q2 · CFO: -2.32019 Q3 · CFO: +2.92019 Q4 · CFO: +2.52020 Q1 · CFO: -3.42020 Q2 · CFO: -2.02020 Q3 · CFO: +1.02020 Q4 · CFO: +7.02021 Q1 · CFO: +5.52021 Q2 · CFO: -1.92021 Q3 · CFO: +4.02021 Q4 · CFO: +0.32022 Q1 · CFO: +6.72022 Q2 · CFO: +2.82022 Q3 · CFO: +3.52022 Q4 · CFO: -0.62023 Q1 · CFO: +0.82023 Q2 · CFO: +4.12023 Q3 · CFO: +5.42023 Q4 · CFO: +1.62024 Q1 · CFO: +3.72024 Q2 · CFO: +6.72024 Q3 · CFO: +4.22024 Q4 · CFO: +8.62025 Q1 · CFO: +9.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-24-12+0+12+242008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · Prepared remarks: +12.02008 Q2 · Prepared remarks: +14.72008 Q3 · Prepared remarks: +7.52008 Q4 · Prepared remarks: +3.52009 Q1 · Prepared remarks: +0.02009 Q2 · Prepared remarks: +4.22009 Q3 · Prepared remarks: +8.72009 Q4 · Prepared remarks: +9.02010 Q1 · Prepared remarks: +18.22010 Q2 · Prepared remarks: +7.92010 Q3 · Prepared remarks: +9.32010 Q4 · Prepared remarks: +8.22011 Q1 · Prepared remarks: +15.92011 Q2 · Prepared remarks: +20.52011 Q3 · Prepared remarks: +11.92011 Q4 · Prepared remarks: +13.72012 Q1 · Prepared remarks: +13.42012 Q2 · Prepared remarks: +15.32012 Q3 · Prepared remarks: +12.22012 Q4 · Prepared remarks: +16.32013 Q1 · Prepared remarks: +12.42013 Q2 · Prepared remarks: +8.32013 Q3 · Prepared remarks: +11.42013 Q4 · Prepared remarks: +2.82014 Q1 · Prepared remarks: +15.82014 Q2 · Prepared remarks: +10.22014 Q3 · Prepared remarks: +17.12014 Q4 · Prepared remarks: +9.82015 Q1 · Prepared remarks: +0.52015 Q2 · Prepared remarks: +6.32015 Q3 · Prepared remarks: +9.12015 Q4 · Prepared remarks: +2.32016 Q1 · Prepared remarks: +8.82016 Q2 · Prepared remarks: +6.52016 Q3 · Prepared remarks: +4.62016 Q4 · Prepared remarks: +10.82017 Q1 · Prepared remarks: +9.82017 Q2 · Prepared remarks: +12.62017 Q3 · Prepared remarks: +8.52017 Q4 · Prepared remarks: +1.22018 Q1 · Prepared remarks: +6.92018 Q2 · Prepared remarks: +14.92018 Q3 · Prepared remarks: +8.32018 Q4 · Prepared remarks: +12.12019 Q1 · Prepared remarks: +6.72019 Q2 · Prepared remarks: -0.32019 Q3 · Prepared remarks: +1.12019 Q4 · Prepared remarks: -5.22020 Q1 · Prepared remarks: -3.92020 Q2 · Prepared remarks: -1.52020 Q3 · Prepared remarks: +10.22020 Q4 · Prepared remarks: +2.72021 Q1 · Prepared remarks: +4.72021 Q2 · Prepared remarks: +4.22021 Q3 · Prepared remarks: +8.02021 Q4 · Prepared remarks: +7.12022 Q1 · Prepared remarks: +9.12022 Q2 · Prepared remarks: +8.12022 Q3 · Prepared remarks: +12.52022 Q4 · Prepared remarks: +5.32023 Q1 · Prepared remarks: +8.22023 Q2 · Prepared remarks: +3.22023 Q3 · Prepared remarks: +11.72023 Q4 · Prepared remarks: +10.42024 Q1 · Prepared remarks: +5.02024 Q2 · Prepared remarks: +2.02024 Q3 · Prepared remarks: +2.52024 Q4 · Prepared remarks: +2.72025 Q1 · Prepared remarks: +8.82008 Q1 · Q&A responses: +2.92008 Q2 · Q&A responses: +2.32008 Q3 · Q&A responses: +5.42008 Q4 · Q&A responses: -1.82009 Q1 · Q&A responses: -10.12009 Q2 · Q&A responses: +5.82009 Q3 · Q&A responses: +5.32009 Q4 · Q&A responses: +8.62010 Q1 · Q&A responses: +8.42010 Q2 · Q&A responses: +6.12010 Q3 · Q&A responses: +12.02010 Q4 · Q&A responses: +7.82011 Q1 · Q&A responses: +10.42011 Q2 · Q&A responses: +8.22011 Q3 · Q&A responses: +7.22011 Q4 · Q&A responses: +8.92012 Q1 · Q&A responses: +6.22012 Q2 · Q&A responses: +5.42012 Q3 · Q&A responses: +3.52012 Q4 · Q&A responses: +4.62013 Q1 · Q&A responses: -0.92013 Q2 · Q&A responses: +9.52013 Q3 · Q&A responses: +11.42013 Q4 · Q&A responses: -0.32014 Q1 · Q&A responses: +16.82014 Q2 · Q&A responses: +10.82014 Q3 · Q&A responses: +1.02014 Q4 · Q&A responses: +10.12015 Q1 · Q&A responses: +2.12015 Q2 · Q&A responses: +1.92015 Q3 · Q&A responses: +1.92015 Q4 · Q&A responses: +5.52016 Q1 · Q&A responses: +4.32016 Q2 · Q&A responses: -2.52016 Q3 · Q&A responses: +1.62016 Q4 · Q&A responses: +1.72017 Q1 · Q&A responses: +11.02017 Q2 · Q&A responses: +8.82017 Q3 · Q&A responses: +0.62017 Q4 · Q&A responses: +7.62018 Q1 · Q&A responses: -1.22018 Q2 · Q&A responses: +7.82018 Q3 · Q&A responses: +1.52018 Q4 · Q&A responses: +3.32019 Q1 · Q&A responses: +0.32019 Q2 · Q&A responses: +0.92019 Q3 · Q&A responses: +0.22019 Q4 · Q&A responses: +7.82020 Q1 · Q&A responses: +2.52020 Q2 · Q&A responses: +2.62020 Q3 · Q&A responses: +5.22020 Q4 · Q&A responses: +7.92021 Q1 · Q&A responses: +6.62021 Q2 · Q&A responses: +0.22021 Q3 · Q&A responses: +4.52021 Q4 · Q&A responses: -2.32022 Q1 · Q&A responses: +2.82022 Q2 · Q&A responses: +0.22022 Q3 · Q&A responses: -0.32022 Q4 · Q&A responses: +2.52023 Q1 · Q&A responses: +4.02023 Q2 · Q&A responses: +5.82023 Q3 · Q&A responses: +1.32023 Q4 · Q&A responses: +1.22024 Q1 · Q&A responses: +3.12024 Q2 · Q&A responses: +6.22024 Q3 · Q&A responses: +9.02024 Q4 · Q&A responses: +9.62025 Q1 · Q&A responses: -2.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.77$1.54$2.312008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $0.882014 Q2: $0.922014 Q3: $0.942014 Q4: $0.962015 Q1: $0.962015 Q2: $0.962015 Q3: $0.962015 Q4: $0.932016 Q1: $0.942016 Q2: $0.942016 Q3: $0.922016 Q4: $0.902017 Q1: $0.942017 Q2: $0.982017 Q3: $1.032017 Q4: $1.072018 Q1: $1.282018 Q2: $1.312018 Q3: $1.382018 Q4: $1.402019 Q1: $1.452019 Q2: $1.472019 Q3: $1.442019 Q4: $1.462020 Q1: $1.452020 Q2: $1.432020 Q3: $1.532020 Q4: $1.542021 Q1: $1.602021 Q2: $1.642021 Q3: $1.682021 Q4: $1.732022 Q1: $1.842022 Q2: $1.972022 Q3: $1.932022 Q4: $1.942023 Q1: $2.012023 Q2: $2.072023 Q3: $2.092023 Q4: $2.132024 Q1: $2.212024 Q2: $2.172024 Q3: $2.152024 Q4: $2.19

Forward P/E

16.9227.5938.262008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 28.512014 Q2: 27.192014 Q3: 24.482014 Q4: 23.642015 Q1: 22.252015 Q2: 22.242015 Q3: 20.262015 Q4: 21.672016 Q1: 25.292016 Q2: 23.262016 Q3: 22.012016 Q4: 26.842017 Q1: 27.382017 Q2: 22.032017 Q3: 21.032017 Q4: 24.822018 Q1: 22.452018 Q2: 20.242018 Q3: 21.172018 Q4: 18.392019 Q1: 21.652019 Q2: 22.042019 Q3: 22.872019 Q4: 25.232020 Q1: 23.072020 Q2: 29.522020 Q3: 28.832020 Q4: 32.122021 Q1: 30.262021 Q2: 31.202021 Q3: 32.002021 Q4: 36.792022 Q1: 30.422022 Q2: 25.252022 Q3: 24.832022 Q4: 25.562023 Q1: 25.622023 Q2: 26.782023 Q3: 26.202023 Q4: 30.072024 Q1: 33.992024 Q2: 30.002024 Q3: 32.742024 Q4: 34.09

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -5.3 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +3.9 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -6.6 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -6.1 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.5 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -4.4 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +2.8 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2021 Q2 tone ↓ -4.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q4 tone ↓ -5.1 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -3.1 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↑ +3.0 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -2.9 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-11+2.8——View →
2024 Q42025-01-17+5.0$2.1934.1View →
2024 Q32024-10-11+5.5$2.1532.7View →
2024 Q22024-07-12+2.3$2.1730.0View →
2024 Q12024-04-11+1.7$2.2134.0View →
2023 Q42024-01-18+4.6$2.1330.1View →
2023 Q32023-10-12+4.0$2.0926.2View →
2023 Q22023-07-13+3.7$2.0726.8View →