Fastenal Q3 Profit Climbs, But Misses Market View; Stock Down

(RTTNews) - Shares of Fastenal Co. were losing around 4 percent in the pre-market activity on the Nasdaq, after the company's's third-quarter profit missed market estimates, despite a growth. The provider of industrial and construction supplies recorded higher net sales, but inline with the Street view. Price contributed 240 to 270 basis points to growth, which was lower than expected.

In the third quarter, net income climbed 12.6 percent to $ 335.5 million from last year's $298.1 million. Earnings per share were $0.29, up 12.3 percent from $0.26 a year ago.

The Wall Street analysts on average expected the company to report earnings of $0.30 per share. Analysts' estimates typically exclude special items.

Operating income, as a percentage of net sales, increased to 20.7 percent in the quarter from 20.3 percent in the third quarter of 2024.

The company's net sales for the period rose 11.7 percent to $2.133 billion from $1.910 billion last year. The Street also expected sales of $2.13 billion for the quarter.

Selling days were same in both periods, while the performance reflected the contribution from improved customer contract signings, even though industrial production was still sluggish in the third quarter of 2025.

Daily sales in the quarter grew 11.7 percent to $33.3 from $29.8 last year.

On October 10, the company's Board declared a $0.22 dividend payable in the fourth quarter. Fastenal added that it continues to remain confident in its ability to generate strong cash flow and plans to return more than $1 billion in dividends to shareholders in 2025.

In the pre-market activity on the Nasdaq, Fastenal shares were lowing around 3.76 percent to trade at $44.06.

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