Fastenal (FAST, Financial) reported first-quarter 2025 revenue of $1.96 billion, slightly surpassing analyst expectations of $1.95 billion. This revenue growth was fueled by an increase in the number of customer sites spending $10,000 or more each month with the company. Additionally, there was a rise in the average monthly sales per customer site across all spending categories.
The company's product pricing had a negligible effect on net sales for the first quarters of both 2025 and 2024, with prices remaining mostly stable. Fastenal categorizes its products into three primary groups: fasteners, safety supplies, and other product lines, which include various categories such as tools and janitorial supplies.
Notably, the fastener segment, which had faced seven quarters of flat or declining performance, showed signs of improvement in Q1 2025, driven by large customer signings and easier year-over-year comparisons. Despite the slow pace of industrial production, Fastenal's safety supplies category experienced growth due to the steady demand for personal protective equipment, primarily used in maintenance, repair, and operations rather than manufacturing.
The company's other product lines saw growth driven by maintenance-related items like electrical supplies and janitorial products, contrasting with continued weak demand for manufacturing-oriented products such as cutting tools. Overall, Fastenal's diverse product offerings and customer engagement strategies have contributed to its positive performance in the first quarter of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Fastenal Co (FAST, Financial) is $73.57 with a high estimate of $85.00 and a low estimate of $37.00. The average target implies an downside of 2.93% from the current price of $75.79. More detailed estimate data can be found on the Fastenal Co (FAST) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Fastenal Co's (FAST, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fastenal Co (FAST, Financial) in one year is $70.11, suggesting a downside of 7.49% from the current price of $75.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fastenal Co (FAST) Summary page.
