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Jun 30
Fastenal Q2 2025 Earnings Report
Fastenal reported strong second quarter results, driven by growth in Onsite customers and digital sales.
Key Takeaways
Fastenal delivered solid performance in Q2 2025 with revenue and net income rising, supported by expansion in Onsite customer sites and robust sales through its digital and FMI platforms.
Revenue grew to $2.08 billion in Q2 2025.
EPS increased to $0.29 from $0.25 last year.
Net income rose to $330.3 million, up 12.8%.
Digital Footprint sales accounted for 61% of total revenue.
Fastenal
Fastenal
Fastenal Revenue by Segment
Fastenal Revenue by Geographic Location
Revenue by Segment
Fastener products Revenue
CapyFin.comNon-fastener products Revenue
CapyFin.comRevenue by Geographic Location
Contract customers Revenue
CapyFin.comNon-contract customers Revenue
CapyFin.com Forward Guidance
Fastenal expects continued growth in digital and Onsite channels, while remaining cautious about sluggish manufacturing trends and inflation-related cost pressures.
Positive Outlook
- Strong Onsite customer expansion.
- Continued growth in eBusiness and FMI sales.
- Increased sales per customer site.
- Growing safety and MRO product categories.
- Improved gross margin from pricing and fastener initiatives.
Challenges Ahead
- Manufacturing demand remains sluggish.
- Higher transportation and import costs.
- Lower signings of FASTVend/FASTBin devices compared to last year.
- Pressure from customer and product mix on margins.
- Reduced free cash flow conversion due to increased working capital.
Revenue & Expenses
Visualization of income flow from segment revenue to net income