Fastenal Company (FAST) Q1 2025 Earnings
How Did FAST Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +10.05%.
Did FAST Beat Earnings? Q1 2025 Results
Yes. Fastenal Company reported Q1 2025 earnings of $0.26 a share on Apr 11, 2025, beating the $0.26 consensus estimate by 0.0%. Revenue was $2.0B against a $2.0B estimate.
Fastenal edged past Wall Street expectations in the first quarter of 2025, delivering results that were solid if unspectacular against a backdrop of sluggish underlying demand. The industrial distributor posted revenue of $1.96 billion, up 3.4% year-over-year and modestly ahead of the $1.95 billion consensus, while diluted EPS of $0.52 cleared the $0.52 estimate by just 0.06%, with flat earnings versus the prior-year period underscoring the margin pressures at play. The most telling driver was a 40-basis-point compression in gross margin to 45.1%, pressured by mix shift toward larger customers and lower-margin non-fastener products alongside higher fleet costs. Bright spots included an 8.3% daily sales rate increase in Fastenal's Digital Footprint, which reached $1.21 billion, or 61% of total sales, and the fastener product line's return to growth after seven consecutive flat or declining quarters. Looking ahead, the company signaled tariff-related price increases expected to lift revenue by 3% to 4% this quarter, while capital expenditure guidance for 2025 remains set at $265 million to $285 million.
- Improved customer contract signings over the past 12 months driving incremental sales
- Contract customer sales grew 8.5% DSR, now 73.1% of total sales
- Digital Footprint sales grew 8.3% DSR to 61.0% of total sales
- FASTBin/FASTVend installed base grew 12.4% year-over-year to 129,996 MEUs
- Safety supplies category grew 7.1% DSR supported by vending growth and warehousing/data center customers
- Fastener category returned to growth (1.1% DSR) after seven consecutive flat or declining quarters
- Manufacturing end markets outperformed at 6.8% DSR growth driven by key account managed spend
What Was Fastenal Company's Outlook in Q1 2025?
Fastenal expects 2025 capital expenditures (net of proceeds) in the range of $265 million to $285 million, up from $214.1 million in 2024, driven by distribution center upgrades (completing the Utah hub, beginning construction on a new Atlanta hub), elevated IT spending from delayed 2024 projects, and greater FMI hardware outlays. The company's weighted FASTBin/FASTVend device signing goal for 2025 remains 28,000 to 30,000 MEUs. The ongoing tax rate is expected to be approximately 24.5% absent discrete items or legislative changes. Underlying business activity remains sluggish, with pricing relatively stable and immaterial impact on net sales.
FAST YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.0B | $1.9B | +3.4% |
| Gross Profit | $883.9M | $861.6M | +2.6% |
| Operating Income | $393.9M | $390.2M | +1.0% |
| Net Income | $298.7M | $297.7M | +0.3% |
FAST Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.