Fastenal Q2 2026: revenue up 14.7%, EPS $0.33, margin steady
Fastenal's fiscal 2026 second quarter was a growth story with a soft spot: revenue rose 14.7% to $2.39 billion and net income rose 15.9% to $382.8 million, but EPS of $0.33 came in just under the $0.3343 consensus and gross margin fell to 44.6%. Read it as a share-gain quarter where operating leverage did the heavy lifting, while cash conversion and gross margin leave something to be desired.
1 · Expected vs. Actual
Free preview belowEPS of $0.33 beat last year's $0.29 by 15.9% but landed about 1.3% below the $0.3343 consensus estimate. The quarter's 23.8% tax rate helped, since management says the ongoing rate is roughly 24.6% and this quarter included return-to-provision adjustments and stock-option tax benefits. Share count was essentially flat, so the per-share gain is almost entirely profit growth.
Revenue rose 14.7% to $2.39 billion from $2.08 billion a year earlier, with both quarters holding the same 64 business days. Contract customers drove it, up 17.6% in daily sales versus 7.3% for non-contract customers, and product pricing added approximately 290 basis points. Growth was broad: heavy manufacturing daily sales rose 18.1% and non-residential construction 17.0%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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