Fastenal's first quarter 2026 revenue beats by 9% driven by strong 12.4% daily sales growth.

Fastenal reported first quarter 2026 revenue of $2.2 billion, up 12.4% year-over-year, and diluted EPS of $0.30. Revenue surpassed analyst expectations of $2.02 billion, while EPS met estimates.

Key Highlights

• Daily sales growth, a key indicator of industrial activity, accelerated to 12.4% year-over-year, significantly outpacing analyst expectations of 5.5%.
• The performance was broad-based, with daily sales in the manufacturing end market up 12.3% and non-residential construction surging 17.2%, a sharp reversal from a 3.4% decline in the prior year.
• Operating margin expanded by 20 basis points to 20.3% due to operating leverage, though gross margin contracted 50 basis points to 44.6% from unfavorable price/cost dynamics and customer mix.