Fastenal expects elevated IT spending for 2026
FAST•Fastenal expects elevated IT spending through 2026 as delayed projects continue, and forecasts 2026 net property and equipment investment of $310 million to $330 million. Third-quarter EPS was $0.35 and sales were $2.4633 billion, both above IBES estimates.
1. 2026 spending outlook
Fastenal expects elevated IT spending throughout 2026 as projects expected in 2025 experienced delays. The company expects net investment in property and equipment of $310 million to $330 million in 2026 and increased trucking spending.
2. Third-quarter results
Fastenal reported third-quarter EPS of $0.35, versus the IBES estimate of $0.34. Sales were $2.4633 billion, compared with the $2.444 billion estimate.
