FASTENAL CO reported the quarter ended March 31, 2026 results: revenue $ 2,201.7, net income $ 339.8, EPS $ 0.30.
“Net sales $ 2,201.7 1,959.4 12.4 % Business days 63 63 Daily sales $ 34.9 31.1 12.4 % Gross profit $ 982.9 883.9 11.2 % % of net sales 44.6 % 45.1 % Selling, general, and administrative (SG&A) expenses $ 535.3 490.0 9.3 % % of net sales 24.3 % 25.0 % Operating income $ 447.6 393.9 13.6 % % of net sales 20.3 % 20.1 % Income before income taxes $ 448.3 393.1 14.0 % % of net sales 20.4 % 20.1 % Net income $ 339.8 298.7 13.8 % Diluted net income per share $ 0.30 0.26 13.6 %”
Sheryl A. Lisowski was appointed as interim Chief Financial Officer at FASTENAL CO.
“appointed Sheryl A. Lisowski, the Company's Executive Vice President – Chief Accounting Officer and Treasurer, to serve in the additional role of interim Chief Financial Officer of the Company, effective April 17, 2025”
Brady D. Ericson was elected as Director at FASTENAL CO.
“Also on January 16, 2025, the Board elected as a director of the Company, Mr. Brady D. Ericson, effective as of the same date, keeping the number of directors on the Board at eleven.”
Nicholas J. Lundquist departed as Director at FASTENAL CO.
“On January 16, 2025, Nicholas J. Lundquist, a director of the Board of Directors (the "Board") of Fastenal Company (the "Company" or "Fastenal"), informed the Company that he will not stand for re-election as a director of the Company and tendered his notification of ineligibility, effective as of January 16, 2025.”
Daniel L. Florness changed role as President at FASTENAL CO.
“Mr. Daniel L. Florness who will be voluntarily vacating the President position on the Effective Date.”
Jeffery M. Watts was appointed as President and Chief Sales Officer at FASTENAL CO.
“On July 11, 2024, Mr. Jeffery M. Watts was appointed by the Board of Directors (the 'Board') of Fastenal Company (the 'Company') to the position of President and Chief Sales Officer, effective on August 1, 2024”
Governance Changes
FASTENAL CO: Removed Article VI regarding supermajority approval of business combinations with certain interested parties (effective 2024-04-25).
“on April 25, 2024, the shareholders of Fastenal Company (the 'Company') approved an amendment (the 'Amendment') to the Restated Articles of Incorporation of the Company, which removed Article VI regarding supermajority approval of business combinations with certain interested parties.”
Shareholder Votes
FASTENAL CO shareholders rejected Consideration of a shareholder proposal relating to simple majority vote at the 2024-04-25 meeting.
“Proposal #5 - Consideration of a shareholder proposal relating to simple majority vote.”
Shareholder Votes
FASTENAL CO shareholders approved Approval of an amendment to the Company's Restated Articles of Incorporation to delete Article VI regarding supermajority approval of business combinations with certain interested parties at the 2024-04-25 meeting.
“Proposal #4 - Approval of an amendment to the Company's Restated Articles of Incorporation to delete Article VI regarding supermajority approval of business combinations with certain interested parties.”
Shareholder Votes
FASTENAL CO shareholders approved Advisory vote on a non-binding resolution to approve the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting at the 2024-04-25 meeting.
“Proposal #3 – An advisory vote on a non-binding resolution to approve the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting.”
Shareholder Votes
FASTENAL CO shareholders approved Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-04-25 meeting.
“Proposal #2 – Ratification of appointment of independent registered public accounting firm for the fiscal year ending December 31, 2024.”
Shareholder Votes
FASTENAL CO shareholders approved Election of directors at the 2024-04-25 meeting.
“Proposal #1 – Election of directors. The election of a board of directors consisting of eleven members to serve until the next regular meeting of shareholders or until their successors have been elected and qualified.”
Earnings Releases
FASTENAL CO reported the quarter ended March 31, 2024 results: revenue $ 1,895.1, net income $ 297.7, EPS $ 0.52.
“expenses', and 'income before income taxes', respectively, and are calculated in conformity with U.S. GAAP. PERFORMANCE SUMMARY Three-month Period 2024 2023 Change Net sales $ 1,895.1 1,859.1 1.9 % Business days 64 64 Daily sales $ 29.6 29.0 1.9 % Gross profit $ 861.6 850.0 1.4 % % of net sales 45.5 % 45.7 % Selling, general, and administrative expenses $ 471.4”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.