Fastenal Beats Revenue Estimates In Q1 But Margins Narrow As Costs Rise

Fastenal Co. (NASDAQ:FAST) on Friday reported first-quarter 2025 revenue of $1.959 billion, a 3.4% year-over-year increase and slightly above the $1.95 billion consensus estimate. Adjusting for one less selling day and the absence of Good Friday in March, net daily sales grew 5.0%.

Foreign exchange rates reduced sales by around 50 basis points, unlike the minimal impact in 2024. Unit sales increased, driven by more customer sites spending over $10K monthly and modest growth in average sales per site.

Weighted FASTBin/FASTVend signings fell 4.6% YoY to 6,418; Weighted FASTBin/FASTVend installations rose 12.4% YoY to 129,996.

Related: Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings

In the first quarter, FAST's Digital Footprint represented 61% of sales, an increase from 59.2% ...

https://www.benzinga.com/news/earnings/25/04/44761872/fastenal-beats-revenue-estimates-in-q1-but-margins-narrow-as-costs-rise