Fastenal tops Q2 revenue estimates on strength across core markets
Fastenal tops Q2 revenue estimates on strength across core markets
Overview
Supply chain distributor's Q2 revenue rose 14.7%, beating analyst expectations
Adjusted EPS for Q2 met analyst expectations
Company returned $305 mln to shareholders via dividends and buybacks, 80% of net income
Outlook
Fastenal expects 2026 capital expenditures between $310 mln and $330 mln, up from 2025
Company revised 2026 goal for FASTBin and FASTVend device signings to 27,000-29,000 MEUs
Fastenal sees continued strength with larger customers and broad-based demand across core markets
Result Drivers
LARGER CUSTOMERS - Share gains with larger customers and growth in contract accounts drove sales, supported by onsite, digital, and supply chain solutions
PRICING ACTIONS - Product pricing contributed about 290 basis points to Q2 sales growth, up from 140-170 basis points a year ago
END MARKET DEMAND - Broad-based demand across manufacturing and non-residential construction end markets supported growth
Company press release: ID:nBw9ZWZzwa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $2.39 bln | $2.34 bln (14 Analysts) |
Q2 EPS | Meet | $0.33 | $0.33 (15 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Fastenal Co is $47.00, about 0.1% below its July 13 closing price of $47.05
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 37 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)