- Fastenal’s net sales for the second quarter were $2.08 billion, marking an increase of 8.6% year over year, and aligning with market estimates.
- Earnings per share (EPS) decreased to 29 cents from 51 cents in the same period last year.
- Daily sales reached $32.5 million, reflecting an 8.7% growth compared to the previous year, meeting the projected estimates.
- Pretax earnings as a percentage of sales improved to 21% from 20.2% year over year, exceeding expectations of 20.6%.
- The gross profit margin increased slightly to 45.3%, surpassing both last year’s 45.1% and the estimate of 45%.
- Operating income rose 13% year over year to $436.1 million, which was higher than the forecasted $426.3 million.
- The operating margin was 21%, up from 20.2% a year ago, and above the anticipated 20.6%.
- Fastenal plans to invest $250.0 to $270.0 million in property and equipment in 2025, which is a reduction from the initial estimate but an increase from $214.1 million in 2024.
- Fastenal’s shares saw a 2.6% rise in pre-market trading, reaching $44.41, with 5,636 shares traded.
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Fastenal Co on Smartkarma
Analysts on Smartkarma, like Baptista Research, have been covering Fastenal Co‘s performance and strategies closely. In a recent report titled “How Fastenal Is Strengthening Pricing Power & Margin Resilience Amid Global Market Turbulence!” by Baptista Research, the focus was on Fastenal’s first-quarter financial results for 2025. Despite a tough economic environment, Fastenal showcased steady operational execution with a 3.4% sales growth and a daily sales rate increase of 5%, the strongest since 2023. The company’s growth was attributed to internal initiatives and strategic execution rather than favorable market conditions.
Furthermore, Baptista Research‘s report “Fastenal Company: Expanding Onsite & Branch Sales Strategy To Up Their Game! – Major Drivers” delved into Fastenal’s 2024 annual and fourth-quarter earnings call. The analysis highlighted a modest 3.7% sales growth (2.1% daily sales rate) signaling sales stabilization in a challenging industrial economy. However, Fastenal fell short of its own expectations with a 2% decrease in earnings per share (EPS) to $0.46. These insights suggest a nuanced view of Fastenal’s performance and strategic direction as it navigates through market headwinds.
A look at Fastenal Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fastenal Co, a company that sells industrial and construction supplies across various countries, shows a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Resilience and Momentum, Fastenal Co is positioned well to weather market challenges and capitalize on growth opportunities. Additionally, the company’s decent scores in Dividend and Growth reflect a stable performance and potential for expansion.
Overall, Fastenal Co‘s Smart Scores indicate a positive trajectory for the company’s future prospects. As it continues to operate in multiple countries and offer a range of products and services, Fastenal Co‘s resilience and momentum bode well for its sustained success in the competitive industrial and construction supplies market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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