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Fastenal reports 15.5% revenue growth in Q3 2026
Fastenal Company reported a 15.5% increase in net sales for the third quarter of 2026, reaching $2.46 billion compared to $2.13 billion in the same period the previous year. The company posted diluted net income per share of $0.35, slightly exceeding the consensus estimate of $0.34.
Growth was driven by pricing actions, share gains with larger customers, and demand across core end markets, including manufacturing and non-residential construction. The company's operating margin improved to 21.5%, up 90 basis points year-over-year. Fastenal also reported a total of 90,759 customer sites at the end of the quarter.
Despite the earnings beat, the company's stock experienced a temporary selloff, dropping 5.6% to $48.57 following the announcement before recovering later in the day. In response to the company's ongoing operational performance, Jefferies raised its price target for Fastenal from $52.00 to $60.00.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The company's operating margin was 21.5% for the quarter. industrialsupplymagazine.com
- [○ 1 SOURCE] Fastenal operated 90,759 customer sites at quarter-end. news.alphastreet.com
- [○ 1 SOURCE] Diluted net income per share was $0.35 for the third quarter. news.alphastreet.com
- [○ 1 SOURCE] Total revenue for the quarter reached $2.46 billion. news.alphastreet.com
- [○ 1 SOURCE] Jefferies raised its price target for Fastenal to $60.00. www.ad-hoc-news.de
- [● 2 SOURCES] Fastenal net sales increased 15.5% in Q3 2026 compared to Q3 2025. industrialsupplymagazine.com · news.alphastreet.com