Business · Companies · 2 hrs ago
Fastenal reports higher sales and profit as shares surge
Fastenal reported strong results for its 2026 fiscal third quarter on October 14.
The US company distributes industrial supplies, including bolts, cutting blades and protective masks.
It also places secure vending machines in factories so workers can access supplies with their employee badges.
Quarterly sales reached $2.4633 billion, up 15.5% from the same period a year earlier.
Net income rose 19.7% to $401.6 million.
Fastenal's shares climbed as much as 10.4% after the results, nearing their 52-week high of $52.92.
The figures show stronger sales and profit, while the share move reflects investor reaction to the results.
Fastenal reported third-quarter fiscal 2026 sales of $2.4633 billion and net income of $401.6 million.
Sales rose 15.5% from the same quarter a year earlier, while net income increased 19.7%.
After the results were announced on October 14, the company’s shares rose as much as 10.4% intraday.
The shares approached a 52-week high of $52.92.
- Who
- Fastenal, a US industrial supplies distributor.
- What
- It reported higher third-quarter fiscal 2026 sales and net income.
- When
- October 14, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Fastenal announced its third-quarter fiscal 2026 results.
Fastenal shares rose as much as 10.4% intraday.
- Quarterly sales
- $2.4633 billion
- Quarterly net income
- $401.6 million
- Sales growth
- 15.5% year over year
- Net income growth
- 19.7% year over year
- Intraday share rise
- 10.4%
- 52-week high
- $52.92