Fastenal Q1 sales, profit meet estimates

Fastenal Co

13/04/2026 11:59

Overview

U.S. industrial distributor's Q1 revenue rose 12%, meeting analyst expectations

Q1 diluted EPS grew 14% year-over-year and met analyst expectations

Growth driven by share gains, broad-based demand, and improved contract customer sales

Outlook

Fastenal expects 2026 capital expenditures of $310 mln to $330 mln

Company maintains 2026 goal for weighted FASTBin and FASTVend device signings at 28,000-30,000 MEUs

Fastenal anticipates ongoing tax rate of about 24.6%

Result Drivers

CONTRACT CUSTOMER GROWTH - Incremental sales from improved contract customer signings since Q1 2024 drove revenue growth

END MARKET DEMAND - Broad-based demand across core end markets, with particular strength in manufacturing and non-residential construction

PRODUCT PRICING - Higher product pricing contributed about 350 basis points to net sales growth

Company press release: ID:nBw4dRh77a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Meet
$2.2 bln
$2.2 bln (13 Analysts)
Q1 EPS
Meet
$0.3
$0.3 (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "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 $45.50, about 7.5% below its April 10 closing price of $49.17

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 33 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.)