Fastenal

FAST Q1 2025 Earnings

Reported Apr 11, 2025 at 7:35 AM ET · SEC Source

Q1 25 EPS

$0.52

BEAT +0.06%

Est. $0.52

Q1 25 Revenue

$1.96B

BEAT +0.44%

Est. $1.95B

vs S&P Since Q1 25

-20.3%

TRAILING MARKET

FAST +14.7% vs S&P +35.0%

Market Reaction

Did FAST Beat Earnings? Q1 2025 Results

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-… Read more 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.

Key Takeaways

  • 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
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FAST YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

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FAST Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25