Fastenal Q3 Net Income Hits $401.6M, Up Sharply
FAST sits 33% above its 52-week low of $38.97.
Summary
Fastenal reported Q3 net income of $401.6 million, with EPS of 35 cents, operating margin of 21.5%, daily sales up 15.5%, operating cash flow of $422 million, and sales of $2.46 billion. The company still sees 2026 investment in property and equipment of $310 million to $330 million net of proceeds from sales. This follows Q2's 14.7% sales surge to $2.39 billion. The company is trading near its 52-week high of $52.915, suggesting the market anticipated solid performance. This earnings print confirms continued momentum in the industrial distribution space.
At the time of this announcement, FAST was trading at $51.94 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $59B. The 52-week trading range was $38.97 to $52.92. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.