Fastenal Company (Nasdaq:FAST) is a leading wholesale distributor of industrial and construction supplies with operations primarily in North America. As of the second quarter of 2025, the company is experiencing stable growth. Net sales for the quarter reached $2.08 billion, up by 8.6% from $1.92 billion in the second quarter of 2024. The growth was supported by improved customer contracts and an increase in unit sales, particularly among larger customers.

The daily sales rate (DSR) for the second quarter of 2025 stood at $32.5 million, an increase of 8.6% from $29.9 million in the same quarter last year. Gross profit amounted to $942.8 million, representing a 9.2% increase compared to $863.5 million in the same period of 2024, with a gross margin of 45.3%. Selling, general, and administrative (SG&A) expenses grew 6.3% to $506.7 million, slightly lower as a percentage of net sales at 24.4%, down from 24.9%.

Operating income for the quarter increased by 12.7% to $436.1 million, corresponding to an operating margin of 21.0%. Fastenal reported a net income of $330.3 million for the quarter, reflecting a 12.8% year-over-year rise from $292.7 million. Diluted earnings per share increased to $0.29 from $0.25 in the second quarter of the previous year.

For the first half of 2025, net sales totaled $4.04 billion, up 6.0% from $3.81 billion in the same period of 2024. Daily sales were $31.8 million, increasing 6.8% from $29.8 million in the first half of 2024. Gross profit in the first half increased by 5.9% to $1.83 billion, with a gross margin of 45.2%. SG&A expenses totaled $996.7 million, 5.1% higher than $948 million in the same period last year.

Operating income for the first half rose by 6.8% to $830 million. Fastenal’s net income for the six-month period was $628.9 million, a 6.5% increase from $590.4 million in 2024. The company returned $252.5 million to shareholders in dividends in the second quarter of 2025, compared to $223.3 million in the same quarter last year.

As of June 30, 2025, total debt was $230 million, representing 5.7% of total capital, a decline from 6.3% at the same time in 2024. Accounts receivable rose to $1.32 billion, up 9.9% from $1.20 billion in the previous year, while inventory increased by 14.7% to $1.73 billion.