Fastenal Company (NASDAQ:FAST) Q3 2024 Earnings Call Transcript October 11, 2024 10:00 AM ET

Company Participants

Taylor Ranta - Accounting Manager
Dan Florness - CEO
Holden Lewis - CFO

Conference Call Participants

Ryan Merkel - William Blair
Ken Newman - KeyBanc Capital Markets
Tommy Moll - Stephens
Stephen Volkmann - Jefferies
Nigel Coe - Wolfe Research
Chris Snyder - Morgan Stanley

Operator

Hello, and welcome to the Fastenal 2024 Q3 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Taylor Ranta of the Fastenal Company. Please go ahead, Taylor.

Taylor Ranta

Welcome to the Fastenal Company 2024 third quarter earnings conference call. This call will be hosted by Dan Florness, our Chief Executive Officer; Jeff Watts, our President and Chief Sales Officer; and Holden Lewis, our Chief Financial Officer. The call will last for up to one hour, and we will start with a general overview of our quarterly results and operations with the remainder of the time being open for questions and answers. Today's conference call is a proprietary Fastenal presentation and is being recorded by Fastenal. No reporting reproduction, transmission or distribution of today's call permitted without Fastenal's consent. This call is being audio simulcast on the Internet via the Fastenal Investor Relations homepage, investor.fastenal.com. A replay of the webcast will be available on the website until December 1, 2024 at midnight, Central Time.

As a reminder, today's conference call may include statements regarding the company's future plans and prospects. These statements are based on our current expectations, and we undertake no duty to update them. It is important to note that the company's actual results may differ materially from those anticipated. Factors that could cause actual results to differ from anticipated results are contained in the company's latest earnings release and periodic filings with the Securities and Exchange Commission, and we encourage you to review those factors carefully.

I would now like to turn the call over to Mr. Dan Florness.

Dan Florness

Thanks, Taylor, and good morning, everybody, and welcome to the Q3 2024 earnings call for Fastenal. Before I start, I just thought I'd share a couple of things. First off, as everybody's painfully aware of, there's been several hurricanes that have hit the Southeastern United States in recent weeks, and our hearts go out to all those affected. And each month when we put out our sales release, either I send out a video to our organization or Jeff Watts, our President, sends one out. By the way, in addition to Holden and me being on the call today, Jeff Watts is sitting in, just to get a feel for what it feels like the call on this end. And I told him if we get a really tough question, I'll send it his way.