Fastenal's Profits Rise, but Its Core Business Still Hasn't Rebounded
Industrial supply giant Fastenal (NASDAQ: FAST) released its fourth-quarter and full-year 2020 earnings on Wednesday, and in many ways, the quarter and the year collectively represented a success: Revenue and earnings rose over both time periods despite slackening customer demand for fastening and other manufacturing supplies during the pandemic.
But the report also highlighted the questions faced by some industrial companies that have managed to eke out growth over the last 10 months. At what point will creative revenue solutions start to fade, and how long will it take for the manufacturing sector (which has lagged technology, healthcare, and other sectors) to stage an economic recovery?
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Source Fool.com
