---
schema_version: "secwatch.filing_event.v1"
accession: "0000815556-24-000028"
form_type: "8-K"
ticker: "FAST"
cik: "0000815556"
company_name: "FASTENAL CO"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:36:09.106556+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fastenal Q2 2024: Net Sales Rise 1.8%, Net Income Falls 1.8% to $292.7M

## Summary
- Diluted EPS was $0.51 in Q2 2024, down 2.0% from $0.52 in Q2 2023.
- Gross profit margin fell to 45.1% from 45.5% due to unfavorable mix and supply chain inefficiencies.
- Signed 107 new Onsite locations in Q2, bringing active sites to 1,934 (up 11.9% YoY).
- FMI technology sales grew 7.0% to $811.4M, representing 41.8% of total sales.
- Operating income margin decreased to 20.2% from 21.0% as SG&A expenses grew faster than sales.

## SEC filing metadata
- accession: 0000815556-24-000028
- form_type: 8-K
- ticker: FAST
- cik: 0000815556
- company_name: FASTENAL CO
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/815556/000081555624000028/0000815556-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/815556/000081555624000028/fast-20240712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000815556-24-000028
- JSON: https://secwatch.observer/filing/0000815556-24-000028.json
- Plain text: https://secwatch.observer/filing/0000815556-24-000028.txt

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