Fastenal Company reported record net sales of $2,080.3 million for the second quarter of 2025, an 8.6% increase year-over-year, marking the first time quarterly revenue surpassed $2 billion. Diluted earnings per share (EPS) rose 12.7% to $0.29.
Operating income margin expanded to 21.0% from 20.2% in Q2 2024, driven by a slightly favorable price/cost dynamic and improved margins on fastener sales due to the fastener expansion project and supplier initiatives. Selling, general, and administrative (SG&A) expenses leveraged, decreasing to 24.4% of net sales as their growth lagged sales growth.
Fastener sales daily rate improved significantly, growing 6.6%, while non-residential construction experienced positive growth of 3.0% for the first time in ten quarters. Contract sales increased by 11.0% daily. The company's Digital Footprint accounted for 61.0% of sales, though the goal for weighted FASTBin and FASTVend device signings for 2025 was revised downward to 25,000 to 26,000 MEUs from the previous target of 28,000 to 30,000 MEUs.
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