FASTENAL CO

Fastenal Company announced its third quarter 2026 results, reporting a 15.5% increase in daily sales to $38.5 and a 19.7% rise in net income to $401.6 million, with diluted EPS of $0.35. The company achieved a 90 basis point improvement in operating margin to 21.5%, driven by SG&A expense leverage. Fastenal also highlighted strong operating cash flow of $421.6 million and returned $328.4 million to shareholders via dividends and share repurchases. Strategic initiatives, including growth with larger customers and digital technology expansion, continue to progress.

Fastenal's Board of Directors elected Mr. Watts, the company's President and CEO, as a director, effective as of the CEO Transition Date. He will receive an annual cash retainer of $50,000 for his service as an employee director. Additionally, the Compensation Committee approved a new compensation package for Mr. Watts as President and CEO, which includes an annual base salary of $650,000 and target quarterly cash incentive awards based on pre-tax income and the ROA Assets Program. He will be eligible for equity incentive awards in 2027.

Fastenal reported strong second-quarter 2026 results with net sales increasing 14.7% to $2.39 billion and diluted EPS rising 15.9% to $0.33. Net income for the quarter was $382.8 million, up 15.9% year-over-year. The company also amended its credit facility, extending maturity to 2031 and increasing the uncommitted accordion option, and declared a quarterly dividend of $0.26 per share.

Fastenal Company reported strong second-quarter 2026 results with daily sales increasing 14.7% year-over-year, driven by share gains with larger customers, pricing actions, and broad-based demand. Net income rose 15.9% to $382.8 million, resulting in diluted EPS of $0.33. The operating margin remained consistent at 21.0%, as SG&A expense leverage offset gross margin headwinds. The company returned $305 million to shareholders through dividends and share repurchases, representing 80% of net income, and continued progress on strategic initiatives.

Fastenal Company amended and restated its revolving credit agreement, renewing its commitment to $835 million with an increased accordion option up to $500 million, extending the maturity to June 18, 2031. Simultaneously, the company amended its Master Note Agreement, reducing the aggregate principal amount of notes from $900 million to $600 million and extending its issuance period to June 18, 2031. Both agreements modified financial covenants, replacing the consolidated EBITDA covenant with new minimum interest coverage and maximum total leverage ratios.

Fastenal Company's Board of Directors elected Mr. Vishal Talwar as an independent director, effective June 12, 2026, expanding the board from eleven to twelve members. Mr. Talwar, currently Executive Vice President and Chief Digital and Information Officer at FedEx Corporation, will also serve on the Nominating and Corporate Governance Committee. He brings extensive experience from leadership roles at Accenture, Wipro, Dell Technologies, and IBM, focusing on enterprise architecture, cybersecurity, and data platforms.

Fastenal Company held its annual meeting of shareholders on April 23, 2026. Shareholders elected eleven directors to the board, who will serve until the next regular meeting. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Fastenal Company's Q1 2026 Form 10-Q filing shows an increase in cash and cash equivalents, reaching $308.6 million as of March 31, 2026, up from $276.8 million at the end of 2025. Trade accounts receivable also grew to $1,445.2 million from $1,245.3 million. Meanwhile, inventories experienced a modest decline to $1,692.5 million from $1,748.0 million, indicating some inventory management.

Fastenal reported strong first-quarter 2026 results, with daily sales increasing 12.4% year-over-year, driven by share gains and broad-based demand. The company achieved an operating margin of 20.3%, a 20 basis point improvement, reflecting operating leverage and cost discipline. Net income grew 13.8% to $339.8 million, and diluted EPS rose 13.6% to $0.30. Fastenal also generated $378 million in operating cash flow and returned $296 million to shareholders.