---
schema_version: "secwatch.filing_event.v1"
accession: "0000815556-23-000019"
form_type: "8-K"
ticker: "FAST"
cik: "0000815556"
company_name: "FASTENAL CO"
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:51:59.892745+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fastenal Q1 net sales up 9.1% to $1.86B; EPS $0.52 (+10.4%)

## Summary
- Net sales $1,859.1M (+9.1% YoY); diluted EPS $0.52 (+10.4%).
- Gross margin fell to 45.7% from 46.6% due to mix and product margin pressure.
- Onsite locations added 89 new sites; total active up 16.3% to 1,674.
- FMI (digital) sales rose 21.3% to $740.4M, now 39.4% of sales.
- Operating cash flow $388.5M, up 68.9%, driven by working capital improvement.

## SEC filing metadata
- accession: 0000815556-23-000019
- form_type: 8-K
- ticker: FAST
- cik: 0000815556
- company_name: FASTENAL CO
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/815556/000081555623000019/0000815556-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815556/000081555623000019/fast-20230413.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000815556-23-000019
- JSON: https://secwatch.observer/filing/0000815556-23-000019.json
- Plain text: https://secwatch.observer/filing/0000815556-23-000019.txt

## Key facts
- Earnings Releases
  FASTENAL CO reported the quarter ended March 31, 2023 results: revenue $ 1,859.1, net income $ 295.1, EPS $ 0.52.
  - Period: the quarter ended March 31, 2023
  - Revenue: $ 1,859.1
  - Net income: $ 295.1
  - EPS: $ 0.52
  - Result: reported results
  source text: rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period. PERFORMANCE SUMMARY Three-month Period 2023 2022 Change Net sales $ 1,859.1 1,704.1 9.1 % Business days 64 64 Daily sales $ 29.0 26.6 9.1 % Gross profit $ 850.0 793.3 7.2 % % of net sales 45.7 % 46.6 % Operating and administrative expenses $ 456.8 435.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/815556/000081555623000019/0000815556-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.