Fastenal Co. (FAST)
Summary
Fastenal Company (FAST) Q2 2026 Earnings Call Transcript
Fastenal Company (FAST) Q2 2026 Earnings Call Transcript
Why Fastenal's Latest Drop Could Be Its Biggest Opportunity Yet
Fastenal's NASDAQ: FAST stock price declined following its Q2 earnings release, creating another solid entry point for investors. The worst that can be said about the report is that earnings were only in alignment with the consensus forecast, providing no immediate impetus for bullish behavior.
Fastenal Q2 Earnings Call Highlights
Fastenal NASDAQ: FAST reported a strong second quarter of 2026, with executives pointing to double-digit daily sales growth, share gains, operating leverage and strong cash generation during what marked Dan Florness' final earnings call as chief executive officer.
Fastenal Co. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 39,180 | $1.4M | $1.77M | $369,935.29 | 26.36% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 14 | $543 | $633.71 | $90.71 | 16.71% |
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 10,849 | $235,969.82 | $491,079.98 | $255,110.16 | 108.11% |
| CE Curtis Ellergodt Rothschild Investment LLC | 2,674 | $86,224.68 | $121,038.61 | $34,813.93 | 40.38% |
| WH William Herlihy RESOURCES MANAGEMENT Corp. /CT/ /ADV | 3,600 | $143,875.2 | $162,954 | $19,078.8 | 13.26% |
Fastenal Co. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Sam Darkatsh Raymond James | 2,633.83 | $41,772.55 | $121,564.43 | $79,791.88 | 191.02% |
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Fastenal Co. Profile
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | Mr. Daniel L. Florness CEO | NASDAQ (NGS) Exchange | 311900104 CUSIP |
| US Country | 21,763 Employees | 28 Jul 2026 Last Dividend | 22 May 2025 Last Split | 26 Mar 1990 IPO Date |
Overview
Founded in 1967 and headquartered in Winona, Minnesota, Fastenal Company operates as a major player in the wholesale distribution of industrial and construction supplies both domestically and internationally. With a broad market base, Fastenal caters to the United States, Canada, Mexico, and beyond in North America, serving various sectors including manufacturing, non-residential construction, maintenance, repair, operations, and even governmental entities. Fastenal has grown substantially over the years, becoming synonymous with not just fasteners but a wide range of construction and industrial supplies. The company prides itself on its ability to provide essential components across multiple industries, ensuring reliability and efficiency in operations and projects.
Products and Services
Fastenal Company’s product lineup is expansive, covering essential supplies for construction, manufacturing, and maintenance. Below are some of their key offerings:
- Threaded Fasteners: This includes a comprehensive range of bolts, nuts, screws, and studs. These items are crucial in various manufacturing products and construction projects, acting as fundamental components that hold materials together.
- Related Washers: Accompanying the threaded fasteners, Fastenal provides related washers that help distribute the load of a screw or nut, preventing damage to surfaces and ensuring a secure hold.
- Miscellaneous Supplies and Hardware: Beyond fasteners, Fastenal offers a variety of other essential products such as pins, machinery keys, and concrete anchors. These items find use in numerous applications across the construction and manufacturing industries.
- Metal Framing Systems: Offering solutions for structural support, Fastenal's metal framing systems are vital for non-residential construction projects, providing stability and flexibility in design and structure.
- Wire Ropes and Strut Products: These products are critical in construction and various industrial applications, providing support and strength where needed. Wire ropes are essential for lifting and rigging, while strut products offer structural support for conduits and piping.
- Rivets and Related Accessories: Fastenal supplies rivets and a range of accessories, serving as permanent mechanical fasteners before and after installation, crucial for many manufacturing and repair tasks.
The company's vast product range serves a wide array of markets, including original equipment manufacturers (OEMs), maintenance, repair, operations (MRO) customers, the non-residential construction market, and sectors like agriculture, transportation, mining, education, retail, and energy. Fastenal also caters to governmental bodies at various levels, fulfilling their needs for robust, efficient, and reliable industrial and construction supplies.
