The share decline followed a reduction in the full-year 2026 device signings goal to a range of 27,000 to 29,000 MEUs from a previous target of 28,000 to 30,000 MEUs. Gross margin fell 40 basis points to 44.8%, partly due to a shift toward larger customers that cut margins by 50 basis points, though pricing added 240 basis points to net sales. Fastenal also stated that industrial production for its key markets remained positive and returned $328.4M to shareholders through dividends and repurchases.
Tuesday, October 20, 2026
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Fastenal Shares Fall 5% After Cutting 2026 Device Signings Goal
Earnings6 days ago
The company's most recent quarterly report showed a surge in revenue and profit that outpaced analyst expectations. Fastenal posted third-quarter revenue of $2.46B, up 15.5% year over year, and earnings per share of $0.35, a 19.8% increase, beating estimates of $2.44B and $0.34, respectively. Despite these results and an operating margin of 21.5%, shares fell 5.0% in pre-market trading on Wednesday.
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