Fastenal Co

Company facts

Industry

Retail-Building Materials, Hardware, Garden Supply

Headquarters

Winona, Minnesota

Most recent report

8-K/A, filed Jul 16, 2026

Incorporated

Minnesota

Filings on record

1,000+ filings

On EDGAR

CIK 815556

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 2 positive, 7 notable, and 0 negative flags.

• Financial Statements (Item 1)

  Full financial statements with growth, cash use, and credit amendments.
  Notable

  • Credit facility amended on June 18, 2026: maturity extended to 2031, accordion increased to $500M, EBITDA covenant replaced with interest coverage ratio.
  • Master Note Agreement amended on June 18, 2026: capacity reduced from $900M to $600M, PGIM released, EBITDA covenant replaced.

• Management's Discussion (Item 2)

  MD&A with detailed sales, margin, and cash flow results; customer site decline and tariff update.
  Positive

  • Net sales up 14.7% to $2,386.9M in Q2 2026; diluted EPS rose 15.9% to $0.33.
  • Returned 83.1% of H1 net income to shareholders via dividends ($550.9M) and share repurchases ($49.8M).
  Notable

  • FMI device signing goal for 2026 lowered to 27,000-29,000 MEUs from 28,000-30,000 MEUs.
  • Gross margin fell 75 bps to 44.6% in Q2 2026 on ~40 bps unfavorable net price/cost and customer mix.
  • Q2 operating cash flow fell 4.6% to $265.7M, partly due to AR growth from strong late-quarter sales.
  • Accounts receivable grew 17.6% to $1,557.4M, outpacing 14.7% sales growth, on longer payment terms with larger customers.
  • Capex outlook raised to $310-330M for 2026, up 34-43% from $230.6M in 2025, driven by Atlanta hub replacement.

What changed: Jun 2026 vs. Mar 2026

About 20% of FAST's Jun 2026 10-Q is new information. 49 paragraphs were added, 85 changed, and 14 removed. Below are the most important lines SECSift identified.

• Item 2 81
• Item 1 19
• Item 3 6
• Item 6 3
• Item 4 1
• Item 5 1