Fastenal posted Q1 2026 revenue of $2.2 bn (+12.4% YoY) and adjusted EPS of $0.30, meeting analyst expectations.
Operating margin rose 20 bps to 20.3% while gross margin fell to 44.6% amid price‑cost pressure and higher transportation costs.
Net income increased 13.8% to $339.8 mn; operating cash flow jumped 44.3% to $378.4 mn, 111% of net income.
Shares slipped ~6% as the company kept flat full‑year 2026 guidance of 28‑30 k machine units despite strong sales and $295.7 mn returned to shareholders.