| 2019-10-11 06:53:08|
FAST 06:53 10/11 10/11/19
Fastenal backs FY19 CapEx view $195M-$225M
Management said, "We continue to expect our net capital expenditures in 2019 to be within a range of $195.0 to $225.0, an increase from $166.8 in 2018. This increase is a result of higher spending for property and equipment to expand our hub capacity, vending devices, and hub vehicles. The progress of our investments in hub capacity will likely be the primary determinant of where we fall within our range."