Fastenal CompanyNasdaq: FAST
Industrials · Trading Companies & Distributors
$44.96
+0.06%
Vol: 3.8M
Research Digest
Friday, May 1, 2026
Fastenal reports Q1 2026 net sales growth of 12.4% year-over-year to $2.2 billion and raises Bank of America price target to $55 from $48.
Fastenal Company reported Q1 2026 results with net sales increasing $242.2 million or 12.4% compared to Q1 2025, demonstrating strong industrial distribution demand. The company earned $0.30 EPS, meeting consensus estimates, and announced a dividend of $0.24 per share payable on May 26, 2026. Bank of America raised its price target to $55 from $48 on April 13, 2026, reflecting confidence in the company's growth trajectory. Fastenal plans capital investments of $310-$330 million in property and equipment for 2026.
Previous Market Intelligence
13 daysApr 30Fastenal Q1 sales increase 12.4 percent with operating margin of 20.3 percent; Bernstein raises price target to 42 dollarsPositive▶
Fastenal Company reported Q1 2026 net sales increase of $242.2 million (12.4% YoY) with daily sales growth of 12.4%, primarily driven by share gains and broad-based demand across core end markets. Operating margin improved to 20.3% (up 20 basis points YoY) reflecting operating leverage and cost discipline partially offset by customer mix shift. Operating cash flow of $378 million represented 111% of net income with disciplined working capital management. Company returned $296 million to shareholders through dividends and repurchases while reinvesting $661 million into the business. Progress continues on strategic initiatives including key account wins and technology expansion. Bernstein raised price target to $42 from $38 on April 14; BofA raised to $55 from $48.
Apr 29Fastenal reports Q1 2026 results with 12.4% sales increase; Bank of America raises price target to $55Positive▶
Fastenal Company reported Q1 2026 net sales increase of $242.2 million or 12.4% driven by share gains and broad-based demand. Operating margin reached 20.3%, up 20 basis points year-over-year. Operating cash flow was $378 million (111% of net income), with $296 million returned to shareholders via dividends and buybacks. Bank of America raised price target to $55 from $48 on April 13. Bernstein also raised PT to $42 from $38. Company approved 2026 capex guidance of $310-$330 million.
Apr 16Fastenal Q1 2026 earnings beat revenue expectations at $2.2B (+12.4% YoY) but margin pressure from tariffs weighed on stock (down 7.1%).Mixed▶
Fastenal reported strong Q1 2026 daily sales growth of 12.4% YoY driven by share gains and broad-based demand, with operating margin at 20.3%. Digital channels now represent 61.5% of total sales and the FMI device platform showed strength with 5.9% installed base growth. However, the company faces pricing challenges as tariffs rise faster than it can raise prices, which pressured margins. Stock fell 7.1% post-earnings despite Bernstein raising price target to $42 and Baird holding at $50. The company is returning capital to shareholders with $296M in dividends and buybacks.
Apr 15FAST reported Q1 2026 sales up 12.4% to $2.2 billion and 13.8% profit growth despite margin pressure from energy costs and tariff uncertainty.Mixed▶
Fastenal reported Q1 2026 net sales of $2.2 billion up 12.4% year-over-year with net income up 13.8% to $339.8M, marking third consecutive quarter of double-digit sales growth. Digital channels represented 61.5% of total sales. Stock fell 6.8% to $45.82 on April 13 despite in-line earnings, primarily due to broader market selloff following geopolitical tensions.
Apr 14Fastenal reports Q1 2026 revenue of $2.2B (+12.4% YoY) but faces headwinds from pricing and cost pressures; shares fall 7.1%.Negative▶
Fastenal reported Q1 2026 net sales of $2,201.7 million, up 12.4% year-over-year, with net income up 13.8% to $339.8M and operating cash flow at $378.4M. The company achieved 12.4% daily sales growth for the third consecutive quarter of double-digit expansion. Digital footprint daily sales were up 13.6%, representing 61.5% of total sales. However, shares fell 6.8% to 7.1% following the earnings announcement as the company faced challenges with pricing not keeping pace with cost increases, resulting in a 40 basis point shortfall in gross margin targets.
Apr 13Q1 2026 earnings call scheduled for April 13, 2026 at 10 AM EDT; digital sales drove 61.4% of 2025 revenue.Positive▶
Fastenal reported strong 2025 results with net sales up 8.7% to $8.2 billion and diluted EPS up 9.2% to $1.09. Q4 showed double-digit sales growth (11.1%) and EPS growth (12.1%), driven by ecommerce expansion and managed inventory programs offsetting weaker demand from smaller accounts. Digital footprint revenue reached $5.09 billion. The company maintains quarterly dividends at $0.24 per share and is holding its Q1 2026 earnings call today.
Apr 10Q1 2026 earnings release scheduled for April 13, 2026 before market open.Neutral▶
Fastenal will release Q1 2026 earnings on April 13 with a conference call at 9:00 a.m. CT. The company also has its annual shareholder meeting scheduled for April 23, 2026. Recent net sales showed February net sales up 13.3% to $710.56M.
Apr 9Fastenal February Sales Up 13.3% to $710.56M, Earnings Report April 13Neutral▶
Fastenal reported February 2026 net sales up 13.3% to $710.56M, with analysts bullish on industrial goods stock amid economic recovery signals. CEO transition and strategic partnerships focused on brand visibility. Shares trading at $46.52 with 2.0% dividend yield and P/E 41.93. Analyst consensus Hold with 12-month target $45.88, suggesting limited upside despite recent positive sales momentum. Earnings report scheduled April 13, 2026. Stock has traded range of $38-$52 with 8 analysts covering.
Apr 8Fastenal reports February net sales up 13.3% to $710.56M; CEO transition and analyst Hold ratingPositive▶
Fastenal reported February 2026 net sales up 13.3% to $710.56M demonstrating strong momentum. 2025 revenue reached $8.20 billion (+8.67% YoY) with earnings of $1.26 billion (+9.37% YoY). Company undergoing CEO transition with recent leadership announcements. Strategic partnerships aimed at enhancing brand visibility. Industrial goods distributor founded 1967 based in Winona, Minnesota with operations across U.S., Canada, Mexico and internationally. Stock trading at $46.52 with market cap of $52.4B, P/E of 41.93, and 2.0% dividend yield. 52-week range $35.31-$50.63. Despite strong sales growth momentum, 8 analysts maintain Hold consensus rating with 12-month target of $45.88 (-1.40% from current). Analysts bullish on FAST as top industrial goods stock.
Apr 7CEO transition: Florness stepping down July 16, 2026; Watts named successor.Neutral▶
Fastenal announced CEO Florness stepping down July 16, with President Watts succeeding. February net sales up 13.3% to $710.56M. Digital channels drive 62% of sales. $0.24 dividend declared. Q1 2026 call April 13. BofA maintained Buy. Stock $46.66. 8 analysts rate Hold with $45.88 target.
Apr 6Fastenal announces Q1 2026 earnings call for April 13 and breaks ground on new southeast Georgia logistics hubPositive▶
Fastenal Company announced Q1 2026 earnings call to review first quarter results scheduled for Monday, April 13, 2026, at 9:00 a.m. central time, with analysts expecting double-digit earnings growth. The company broke ground on March 24 on a new Southeast U.S. regional operations and logistics center in Carrollton, Georgia, targeted to open spring 2027, incorporating next-generation warehouse technologies to increase storage capacity and accelerate order picking. The investment enhances Fastenal's ability to maintain higher product inventory levels and improve customer service times across the Southeast region, strategically positioned for growth. Institutional investor activity shows mixed sentiment with Spire Wealth Management trimming holdings by 88.8% in Q4, though State Street Corp, Bank of America, and other major funds increased positions. The company continues executing on its long-term growth and customer service expansion strategy.
Apr 3Fastenal announces Q1 2026 earnings call on April 13 with upcoming CEO transition scheduled for July 2026.Neutral▶
Fastenal announced its Q1 2026 earnings conference call for April 13, 2026. The company reported 2025 annual net sales of $8,200.5 million (up 8.7%), net income of $1,258.4 million (up 9.4%). A planned CEO transition is scheduled for July 16, 2026, when Jeffrey M. Watts will succeed Daniel L. Florness. Analysts expect FY 2026 EPS of $1.24 (up 13.8%), with consensus Hold rating.
Apr 2Fastenal scheduled Q1 2026 earnings call for April 13 with FY2026 EPS growth expected at 13.8% amid strong FMI technology momentum.Neutral▶
Fastenal Company will report Q1 2026 results before market open on April 13, 2026. Analysts expect FY2026 EPS of $1.24 (+13.8% YoY). FY2025 results showed net sales of $8,200.5M (+8.7%) and diluted EPS of $1.09 (+9.2%). FMI technology sales grew 14.6% to $3,712.7M, with FASTBin/FASTVend sales rising 17% annually. Q4 weighted signings declined 12.1% YoY, signaling caution. 17 analysts covering FAST recommend Hold consensus with $44.61 average price target.
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