Fastenal Company (FAST)

The company now

Fastenal reported third-quarter 2026 net sales of $2,463.3 million on 14 October, up 15.5 percent from a year earlier 1. Net income was $401.6 million, up 19.7 percent 1.

Operating income was 21.5 percent of net sales, up from 20.7 percent, because selling and administrative costs fell as a share of sales 1. Gross margin slipped to 44.8 percent from 45.3 percent 1. The company says a shift toward larger customers, who carry lower gross margins, cut it by about 50 basis points 1.

Sales to contract customers, the large accounts signed to agreements, grew 18.8 percent per business day and were 76.5 percent of sales 1. Non-contract sales grew 7.8 percent 1.

The company lowered its 2026 goal for new vending and bin devices signed to between 27,000 and 29,000, from between 28,000 and 30,000 1. Its quarterly report says no legal matter is probable or reasonably possible to have a material adverse impact 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.