Overview

• Fastenal posted second-quarter revenue of $2.08 billion and earnings per share of $0.29, narrowly surpassing consensus forecasts of $2.07 billion and $0.28.
• Year-over-year sales rose 8.6% as customer contract signings climbed for a sixth straight quarter.
• Digital sales grew from 59.4% to 61.0% of total revenue, reflecting increased adoption of FASTBin and FASTVend systems.
• Gross margin edged up to 45.3% of net sales, supported by product expansion and supplier program benefits.
• Shares jumped 5.17% to $45.51 on July 14 and Fastenal declared a 22-cent third-quarter cash dividend.