Fastenal expects 2026 capital expenditures between $310 mln and $330 mln, up from 2025
Company revised 2026 goal for FASTBin and FASTVend device signings to 27,000-29,000 MEUs
Fastenal sees continued strength with larger customers and broad-based demand across core markets
Overview
Supply chain distributor's Q2 revenue rose 14.7%, beating analyst expectations
Adjusted EPS for Q2 met analyst expectations
Company returned $305 mln to shareholders via dividends and buybacks, 80% of net income
Result drivers
LARGER CUSTOMERS - Share gains with larger customers and growth in contract accounts drove sales, supported by onsite, digital, and supply chain solutions
PRICING ACTIONS - Product pricing contributed about 290 basis points to Q2 sales growth, up from 140-170 basis points a year ago
END MARKET DEMAND - Broad-based demand across manufacturing and non-residential construction end markets supported growth
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "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 $47.00, about 0.1% below its July 13 closing price of $47.05
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 37 three months ago
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