Editor’s Note: See MDM’s Premium breakdown of Fastenal’s results that go in-depth on sales by product category and end market, VMI technology, pricing impacts and historical charts.
Industrial and construction supplies distributor Fastenal reported its 2026 second quarter and June business results on July 14, which were led by continued strong sales and profit gains that are outperforming the broader markets the company serves.
The results showed that Fastenal had 2Q26 total sales of $2.39 billion — up 14.7% on both a year-over-year and daily sales basis. It was a sequential acceleration from 1Q26′ 12.4% growth and the company’s best quarterly growth mark since 3Q22 (16%) when Fastenal was still seeing a major tailwind from pandemic-related PPE and other safety products demand.
Fastenal attributed the 2Q sales growth primarily to share gains rather than a strong economy, but the company also pointed to stronger broad-based demand across its core end markets.
Fastenal said pricing had an impact of ~290 basis points on sales — reducing from the ~350 bps impact in 1Q26 and 310-340 in 4Q25 and 140-170 in 2Q25. Meanwhile, foreign exchange rates had a ~10 bps tailwind on 2Q26 sales, compared to a ~60-point tailwind in 1Q26.
Other key stats from Fastenal’s 2Q26:
- Gross margin of 44.6% declined ~75 bps year-over-year, attributed primarily to unfavorable net price/cost, with smaller headwinds from customer mix, transportation costs and customer rebates. Sequentially, gross margin matched 1Q26
- SG&A expenses grew 10.9% year-over-year (accelerating from 9.3% in 1Q26) but margin fell 90 bps YoY, attributed to cost discipline and leverage despite higher employee bonus-related expense
- Operating profit of $502 million jumped 15.1% year-over-year, with margin flat
- Net profit of $323 million jumped 15.9% year-over-year and trailed 1Q26′ $340M
Fastenal to Build New Southeast U.S. Logistics Hub in Georgia – March 14
In June, Fastenal sales of $845 million grew 20.5% year-over-year, with daily sales up 15.0%. The daily sales figure was another sequential acceleration from 14.8% in May and 14.3% in April, was the 12th straight month in double digits and the company’s best month since August 2022.
