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Oct 13, 2025 8:30 AM

Fastenal Profit Underwhelms Despite Higher Customer Spending

Fastenal Company (NASDAQ:FAST) shares are trading lower premarket on Monday after the company reported mixed third-quarter 2025 results.

The industrial supplies distributor posted revenue of $2.133 billion, up 11.7% year over year (Y/Y), slightly exceeding the consensus estimate of $2.129 billion.

Although industrial production remained slow in the third quarter of 2025, performance benefited from increased customer contract signings since the first quarter of 2024.

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Unit sales rose in the quarter, driven by more customer sites spending $10,000 or more per month with Fastenal and higher average monthly sales per site across all spending levels.

Foreign exchange fluctuations added about 10 basis points to sales in ...