10/13/2025 - 06:50 AM

2025年10月13日- 上午 06:50

WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) ('Fastenal,' 'we,' 'our,' or 'us'), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended September 30, 2025. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. All historical common stock share and per share information and stockholders' equity balances for all periods presented in this release, including the financial statements attached to this release, have been retroactively adjusted to reflect a two-for-one stock split effective at the close of business on May 21, 2025.Percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive) or contraction (negative) for the applicable period.

明诺瓦，明尼苏达州.--（商业资讯）--Fastenal Company（纳斯达克代码：FAST）（‘Fastenal’，‘我们’，‘我们的’ 或 ‘我们’），作为工业和建筑用品批发分销的领导者，今天公布了截至2025年9月30日的季度财务业绩。除非另有说明，所有金额均以百万美元计。所有历史普通股股份和每股信息以及本公告中所列所有期间的股东权益余额，包括附在本公告中的财务报表，均已追溯调整，以反映2025年5月21日营业结束时生效的 2:1 股票拆分。基于非四舍五入美元值的百分比和美元计算，可能无法使用本文件中包含的美元值重新计算，因为这些美元值已进行了四舍五入。对每日销售率（DSR）变化的引用可能反映适用期间的增长（正面）或收缩（负面）。

PERFORMANCE SUMMARY

业绩摘要


	Nine-month Period		Three-month Period
		2025		2024		Change		2025		2024		Change
Net sales	$	6,173.1		5,721.5		7.9	%	$	2,133.3		1,910.2		11.7	%
Business days		191		192				64		64
Daily sales	$	32.3		29.8		8.5	%	$	33.3		29.8		11.7	%
Gross profit	$	2,792.5		2,583.7		8.1	%	$	965.8		858.6		12.5	%
% of net sales		45.2	%	45.2	%			45.3	%	44.9	%
Selling, general, and administrative (SG&A) expenses	$	1,521.1		1,418.5		7.2	%	$	524.3		470.5		11.5	%
% of net sales		24.6	%	24.8	%			24.6	%	24.6	%
Operating income	$	1,271.4		1,165.2		9.1	%	$	441.5		388.1		13.7	%
% of net sales		20.6	%	20.4	%			20.7	%	20.3	%
Income before income taxes	$	1,270.4		1,163.8		9.2	%	$	440.6		387.6		13.7	%
% of net sales		20.6	%	20.3	%			20.7	%	20.3	%
Net income	$	964.4		888.5		8.5	%	$	335.5		298.1		12.6	%
Diluted net income per share	$	0.84		0.77		8.4	%	$	0.29		0.26		12.3	%

Note – Daily sales are defined as the total net sales for the period divided by the number of business days (in the U.S.) in the period.


	九个月期间		三个月期间
		2025		2024		变化		2025		2024		变化
净销售额	$	6,173.1		5,721.5		7.9	%	$	2,133.3		1,910.2		11.7	%
营业天数		191		192				64		64
每日销售额	$	32.3		29.8		8.5	%	$	33.3		29.8		11.7	%
毛利润	$	2,792.5		2,583.7		8.1	%	$	965.8		858.6		12.5	%
占净销售额的百分比		45.2	%	45.2	%			45.3	%	44.9	%
销售、一般和行政（SG&A）费用	$	1,521.1		1,418.5		7.2	%	$	524.3		470.5		11.5	%
占净销售额的百分比		24.6	%	24.8	%			24.6	%	24.6	%
营业收入	$	1,271.4		1,165.2		9.1	%	$	441.5		388.1		13.7	%
占净销售额的百分比		20.6	%	20.4	%			20.7	%	20.3	%
税前收入	$	1,270.4		1,163.8		9.2	%	$	440.6		387.6		13.7	%
占净销售额的百分比		20.6	%	20.3	%			20.7	%	20.3	%
净收入	$	964.4		888.5		8.5	%	$	335.5		298.1		12.6	%
每股摊薄净收入	$	0.84		0.77		8.4	%	$	0.29		0.26		12.3	%

注 – 每日销售额定义为该期间的总净销售额除以该期间（在美国）的营业天数。

QUARTERLY RESULTS OF OPERATIONS

季度运营结果

Sales

销售

Net sales increased $223.2, or 11.7%, in the third quarter of 2025 when compared to the third quarter of 2024. Both periods had the same number of selling days. Even though industrial production was still sluggish in the third quarter of 2025, the performance reflects the contribution from improved customer contract signings since the first quarter of 2024. Changes in foreign exchange rates positively affected sales in the third quarter of 2025 by approximately 10 basis points and negatively affected sales in the third quarter of 2024 by approximately 10 basis points.

2025 年第三季度的净销售额较 2024 年第三季度增加了 223.2 万美元，增幅为 11.7%。两个期间的销售天数相同。尽管 2025 年第三季度的工业生产仍然疲软，但业绩反映了自 2024 年第一季度以来客户合同签署改善的贡献。外汇汇率的变化在 2025 年第三季度对销售产生了约 10 个基点的正面影响，而在 2024 年第三季度则产生了约 10 个基点的负面影响。

We experienced an increase in unit sales in the third quarter of 2025. This was due to growth in the number of customer sites spending $10k or more per month with Fastenal and, to a lesser degree, growth in average monthly sales per customer site across all customer spend categories. The impact of product pricing on net sales in the third quarter of 2025 was an increase of 240 to 270 basis points, in contrast to the third quarter of 2024, when the impact of product pricing was not material.

我们在 2025 年第三季度经历了单位销售的增长。这是由于与 Fastenal 每月支出 1 万美元或更多的客户站点数量的增长，以及在所有客户支出类别中每个客户站点的平均月销售额的增长，后者的增长幅度较小。2025 年第三季度产品定价对净销售额的影响增加了 240 到 270 个基点，而在 2024 年第三季度，产品定价的影响并不显著。

From a product standpoint, we have three categories: fasteners, including fasteners used in original equipment manufacturing (OEM) and maintenance, repair, and operations (MRO), safety supplies, and other product lines, the latter of which includes eight smaller product categories, such as tools, janitorial supplies, and cutting tools. Industrial production was still sluggish in the third quarter of 2025; however, the performance of our fastener product line outperformed our non-fastener product lines. The fastener category experienced improved growth in the third quarter of 2025, as compared to the third quarter of 2024, driven by easier comparisons, increased contribution from large customer signings, better product availability in our distribution centers, and pricing actions implemented in the second and third quarters of 2025. We achieved growth in our safety category reflecting the lower volatility of PPE demand, which tends to be utilized in more MRO than OEM applications, growth of our vending installed base, and success with data center customers. Other product lines experienced higher growth from MRO-oriented lines, such as janitorial, and from OEM-oriented lines, such as welding/abrasives, despite continued soft manufacturing demand. The DSR change when compared to the same period in the prior year and the percent of sales in the period were as follows:

从产品角度来看，我们有三个类别：紧固件，包括用于原始设备制造（OEM）和维护、修理和运营（MRO）的紧固件，安全用品，以及其他产品线，后者包括八个较小的产品类别，如工具、清洁用品和切割工具。2025 年第三季度的工业生产仍然疲软；然而，我们的紧固件产品线的表现优于非紧固件产品线。与 2024 年第三季度相比，紧固件类别在 2025 年第三季度实现了更好的增长，主要得益于更容易的比较、大客户签约的增加、我们配送中心的产品可用性改善，以及在 2025 年第二和第三季度实施的定价措施。我们的安全类别实现了增长，反映了个人防护装备（PPE）需求的波动性较低，PPE 通常在 MRO 应用中使用的比 OEM 应用多，自动售货机安装基础的增长，以及与数据中心客户的成功。其他产品线在 MRO 导向的产品（如清洁用品）和 OEM 导向的产品（如焊接/磨料）中实现了更高的增长，尽管制造需求持续疲软。与去年同期相比的 DSR 变化和该期间的销售百分比如下：


	DSR Change Three-month Period		% of Sales Three-month Period
	2025	2024		2025	2024
OEM fasteners	15.9	%	-3.1	%		19.8	%	19.0	%
MRO fasteners	12.0	%	-5.3	%		11.2	%	11.2	%
Total fasteners	14.4	%	-4.0	%		31.0	%	30.2	%
Safety supplies	9.8	%	6.8	%		22.1	%	22.5	%
Other product lines	10.7	%	3.7	%		46.9	%	47.3	%
Total non-fasteners	10.4	%	4.7	%		69.0	%	69.8	%


	DSR 变化三个月期间		销售百分比三个月期间
	2025	2024		2025	2024
OEM 紧固件	15.9	%	-3.1	%		19.8	%	19.0	%
MRO 紧固件	12.0	%	-5.3	%		11.2	%	11.2	%
紧固件总计	14.4	%	-4.0	%		31.0	%	30.2	%
安全用品	9.8	%	6.8	%		22.1	%	22.5	%
其他产品线	10.7	%	3.7	%		46.9	%	47.3	%
非紧固件总计	10.4	%	4.7	%		69.0	%	69.8	%

In November 2025, we intend to update the presentation of our product sales disaggregation to provide better analytics and visibility into customer data. Insights into the reasons for this change and a sample of the new reporting format is included in our third quarter of 2025 investor presentation.

在 2025 年 11 月，我们计划更新产品销售细分的展示，以提供更好的分析和客户数据的可见性。关于此次变更的原因和新报告格式的示例已包含在我们 2025 年第三季度的投资者演示中。

From an end market standpoint, we have four categories: heavy manufacturing, other manufacturing, non-residential construction, and other, the latter of which includes reseller, government/education, transportation, warehousing and storage, and data centers. Our manufacturing end markets outperformed primarily due to the relative strength we are experiencing with key account customers with significant managed spend where our service model and technology are particularly impactful. This disproportionately benefits manufacturing customers. The non-residential construction end market experienced growth for the second time in twelve consecutive quarters. Other end market sales were favorably impacted by growth with education and healthcare, transportation, and data center customers. These were partially offset by declining sales with resellers, although at a lower decline than we've historically seen. The DSR change when compared to the same period in the prior year and the percent of sales in the period were as follows:

从最终市场的角度来看，我们有四个类别：重型制造、其他制造、非住宅建筑和其他，后者包括转售商、政府/教育、运输、仓储和存储以及数据中心。我们的制造终端市场表现优于预期，主要是由于我们在关键客户中经历的相对强劲的管理支出，这些客户的服务模式和技术特别有效。这对制造客户带来了不成比例的好处。非住宅建筑终端市场在连续十二个季度中第二次实现增长。其他终端市场的销售受到教育和医疗、运输以及数据中心客户增长的积极影响。尽管转售商的销售有所下降，但下降幅度低于我们历史上看到的水平。与去年同期相比，DSR 变化和该期间的销售百分比如下：


	DSR Change Three-month Period		% of Sales Three-month Period
	2025	2024		2025	2024
Heavy manufacturing	12.4	%	0.7	%		43.1	%	42.7	%
Other manufacturing	12.9	%	6.2	%		32.8	%	32.4	%
Total manufacturing	12.7	%	3.0	%		75.9	%	75.1	%
Non-residential construction	7.5	%	-3.6	%		8.3	%	8.6	%
Other end markets	8.9	%	-0.3	%		15.8	%	16.3	%
Total non-manufacturing	8.4	%	-1.5	%		24.1	%	24.9	%


	DSR 变化三个月期间		销售百分比三个月期间
	2025	2024		2025	2024
重型制造	12.4	%	0.7	%		43.1	%	42.7	%
其他制造	12.9	%	6.2	%		32.8	%	32.4	%
制造总计	12.7	%	3.0	%		75.9	%	75.1	%
非住宅建筑	7.5	%	-3.6	%		8.3	%	8.6	%
其他终端市场	8.9	%	-0.3	%		15.8	%	16.3	%
非制造总计	8.4	%	-1.5	%		24.1	%	24.9	%

From a customer standpoint, we have two categories: contracts, which include national multi-site, local and regional, and government customers with significant revenue potential, and non-contracts, which include all other customers. Sales with our contract customers continue to outperform as we realize incremental sales from implementing strong customer signings that we have achieved since the first quarter of 2024, which was partially offset by subdued business activity. Non-contract customers tend to be smaller and utilize fewer of our tools and capabilities, providing fewer avenues for share gains and therefore more closely reflect overall business trends, which remain sluggish. The DSR change when compared to the same period in the prior year and the percent of sales in the period were as follows:

从客户的角度来看，我们有两个类别：合同客户，包括具有显著收入潜力的国家多地点、本地和区域客户以及政府客户；非合同客户，包括所有其他客户。与合同客户的销售持续优于预期，因为我们从自 2024 年第一季度以来实现的强劲客户签约中获得了增量销售，尽管这部分被低迷的商业活动所抵消。非合同客户通常较小，使用我们较少的工具和能力，因此提供的市场份额增长机会较少，因此更能反映整体商业趋势，而这些趋势依然疲软。与去年同期相比，DSR 变化和该期间的销售百分比如下：


	DSR Change Three-month Period		% of Sales Three-month Period
	2025	2024		2025	2024
Contract sales	13.2	%	6.3	%		73.8	%	72.0	%
Non-contract sales	7.2	%	-8.1	%		26.2	%	28.0	%


	DSR 变化三个月期间		销售百分比三个月期间
	2025	2024		2025	2024
合同销售	13.2	%	6.3	%		73.8	%	72.0	%
非合同销售	7.2	%	-8.1	%		26.2	%	28.0	%

Supplemental Data

补充数据

Prior to 2025, our disclosed metrics primarily addressed development of capabilities, including branch openings, geographic expansion, growth of national accounts, growth of non-fastener products, FMI installations, and Onsite signings, to name a few. The data provided in the chart below measures the number of customer sites that are served throughout our in-market network, categorizing them by monthly customer spend categories and end market, and the sales and average sales per site. We believe this supplemental information may be useful to investors in evaluating Fastenal's business trends and whether and to what degree we are being successful. Historical end market sales have been updated in the table below to categorize by customer site and may not be able to be recalculated due to the rounding of those dollar values.

在 2025 年之前，我们披露的指标主要涉及能力的发展，包括分支机构的开设、地理扩展、国家账户的增长、非紧固件产品的增长、FMI 安装和现场签约等。下表提供的数据衡量了我们在市场网络中服务的客户站点数量，按月客户支出类别和终端市场进行分类，以及每个站点的销售和平均销售。我们相信这些补充信息可能对投资者评估 Fastenal 的商业趋势以及我们在多大程度上取得成功是有用的。历史终端市场销售已在下表中更新，以按客户站点进行分类，并可能由于这些美元值的四舍五入而无法重新计算。


	Three-month Period 2025		Three-month Period 2024
	Customer Sites (#) (1) (2)	Sales	Mo. Sales per Customer Site (3)	Customer Sites (#) (1) (2)	Sales	Mo. Sales per Customer Site (3)
Manufacturing
$50k+/Mo. (4)	2,304	$971.8	$140,596	2,025	$827.9	$136,280

$10k+/Mo.	8,913	1,411.5	52,788	8,318	1,240.2	49,699
$5k-$10k/Mo.	4,472	96.1	7,163	4,465	95.5	7,130
<$5k/Mo.	28,936	100.8	1,161	31,245	103.6	1,105
Other sales (5)	—	2.2	—	—	11.7	—
Total manufacturing	42,321	$1,610.6	$12,668	44,028	$1,451.0	$10,897

Non-manufacturing
$50k+/Mo. (4)	467	$170.1	$121,413	376	$122.9	$108,954

$10k+/Mo.	3,282	340.5	34,583	2,962	277.0	31,173
$5k-$10k/Mo.	2,852	60.4	7,059	2,862	60.5	7,046
<$5k/Mo.	50,368	110.1	729	56,424	113.5	671
Other sales (5)	—	11.7	—	—	8.2	—
Total non-manufacturing	56,502	$522.7	$3,015	62,248	$459.2	$2,415

Total
$50k+/Mo. (4)	2,771	$1,141.9	$137,363	2,401	$950.8	$132,001

$10k+/Mo.	12,195	1,752.0	47,888	11,280	1,517.2	44,835
$5k-$10k/Mo.	7,324	156.5	7,123	7,327	156.0	7,097
<$5k/Mo.	79,304	210.9	886	87,669	217.1	825
Other sales (5)	—	13.9	—	—	19.9	—
Total	98,823	$2,133.3	$7,149	106,276	$1,910.2	$5,929


	三个月期间 2025		三个月期间 2024
	客户站点 (#) (1) (2)	销售额	每个客户站点的月销售额 (3)	客户站点 (#) (1) (2)	销售额	每个客户站点的月销售额 (3)
制造业
$50k+/月 (4)	2,304	$971.8	$140,596	2,025	$827.9	$136,280

$10k+/月	8,913	1,411.5	52,788	8,318	1,240.2	49,699
$5k-$10k/月	4,472	96.1	7,163	4,465	95.5	7,130
<$5k/月	28,936	100.8	1,161	31,245	103.6	1,105
其他销售 (5)	—	2.2	—	—	11.7	—
制造业总计	42,321	$1,610.6	$12,668	44,028	$1,451.0	$10,897

非制造业
$50k+/月 (4)	467	$170.1	$121,413	376	$122.9	$108,954

$10k+/月	3,282	340.5	34,583	2,962	277.0	31,173
$5k-$10k/月	2,852	60.4	7,059	2,862	60.5	7,046
<$5k/月	50,368	110.1	729	56,424	113.5	671
其他销售 (5)	—	11.7	—	—	8.2	—
非制造业总计	56,502	$522.7	$3,015	62,248	$459.2	$2,415

总计
$50k+/月 (4)	2,771	$1,141.9	$137,363	2,401	$950.8	$132,001

$10k+/月	12,195	1,752.0	47,888	11,280	1,517.2	44,835
$5k-$10k/月	7,324	156.5	7,123	7,327	156.0	7,097
<$5k/月	79,304	210.9	886	87,669	217.1	825
其他销售 (5)	—	13.9	—	—	19.9	—
总计	98,823	$2,133.3	$7,149	106,276	$1,910.2	$5,929


(1)		Customer sites represent the number of customer locations served by our in-market network. Individual customers with multiple locations across multiple in-market locations will have multiple customer sites.
(2)		Customer sites are an average of the number of customer sites calculated each month.
(3)		Monthly sales per customer site totals do not include the sales from other sales lines, as there is no customer site count associated with it. This column is not rounded to the millions and represents the exact dollar amount.
(4)		$50k+ customer sites are disclosed as a representation of Onsite-like customers and are also a subset of $10k+ customer sites.
(5)		Other sales represent impacts to sales that are not tied to a specific site or in-market location. This includes certain service fees, cash sales, direct product sales, etc.


(1)		客户站点代表我们市场网络服务的客户位置数量。拥有多个位置的单个客户将在多个市场位置上拥有多个客户站点。
(2)		客户站点是每月计算的客户站点数量的平均值。
(3)		每个客户站点的月销售额总计不包括其他销售线的销售，因为没有与之相关的客户站点数量。此列未四舍五入到百万，并表示确切的美元金额。
(4)		$50k+ 客户站点被披露为现场类客户的代表，并且也是 $10k+ 客户站点的一个子集。
(5)		其他销售代表与特定站点或市场位置无关的销售影响。这包括某些服务费用、现金销售、直接产品销售等。

FMI Technology comprises our FASTStock℠ (scanned stocking locations), FASTBin® (infrared, RFID, and scaled bins), and FASTVend® (vending devices) offerings. FASTStock's fulfillment processing technology is not embedded, is relatively less expensive and highly flexible in application, and is delivered using our proprietary mobility technology. FASTBin and FASTVend incorporate highly efficient and powerful embedded data tracking and fulfillment processing technologies. The first statistic below is a weighted FMI® measure, which combines the signings and installations of FASTBin and FASTVend in a standardized machine equivalent unit (MEU) based on the expected output of each type of device. We do not include FASTStock in this measurement because scanned stocking locations can take many forms, such as bins, shelves, cabinets, pallets, etc., that cannot be converted into a standardized MEU. The second statistic is sales through FMI Technology, which combines the sales through FASTStock, FASTBin, and FASTVend. A portion of the growth in sales experienced by FMI, particularly FASTStock and FASTBin, reflects the migration of products from less efficient non-digital stocking locations to more efficient, digital stocking locations.

FMI Technology 包括我们的 FASTStock℠（扫描库存位置）、FASTBin®（红外线、RFID 和标准化箱）和 FASTVend®（自动售货机）产品。FASTStock 的履行处理技术不是嵌入式的，相对便宜且应用灵活，并通过我们的专有移动技术交付。FASTBin 和 FASTVend 结合了高效且强大的嵌入式数据跟踪和履行处理技术。以下第一个统计数据是 加权 FMI® 衡量标准，它结合了 FASTBin 和 FASTVend 的签约和安装，以标准化机器等效单位（MEU）为基础，基于每种设备的预期输出。我们不将 FASTStock 包含在此测量中，因为扫描库存位置可以采取多种形式，例如箱子、货架、柜子、托盘等，无法转换为标准化的 MEU。第二个统计数据是 通过 FMI Technology 的销售额，它结合了通过 FASTStock、FASTBin 和 FASTVend 的销售额。FMI 的销售增长的一部分，特别是 FASTStock 和 FASTBin，反映了产品从效率较低的非数字库存位置迁移到更高效的数字库存位置。

We signed 7,050 weighted FASTBin and FASTVend devices in the third quarter of 2025, resulting in 19,925 new FASTBin and FASTVend signings in the first nine months of 2025. Our goal for weighted FASTBin and FASTVend device signings in 2025 remains between 25,000 to 26,000 MEUs.

我们在 2025 年第三季度签署了 7,050 个加权 FASTBin 和 FASTVend 设备，导致在 2025 年前九个月签署了 19,925 个新的 FASTBin 和 FASTVend。我们在 2025 年的加权 FASTBin 和 FASTVend 设备签署目标仍然在 25,000 到 26,000 MEU 之间。

The table below summarizes signings and installations of our FMI devices and sales through our FMI devices, eBusiness (1) tools, and Digital Footprint (2).

下表总结了我们 FMI 设备的签约和安装情况，以及通过我们的 FMI 设备、电子商务 (1) 工具和数字足迹 (2) 的销售情况。


	Nine-month Period		Three-month Period
		2025		2024		DSR Change (3)			2025		2024		DSR Change (3)
Weighted FASTBin/FASTVend signings (MEUs)		19,925		21,194		-6.0	%			7,050		7,281		-3.2	%
Signings per day		104		110					110		114
Weighted FASTBin/FASTVend installations (MEUs; end of period)						133,910			123,193		8.7	%

FASTStock sales	$	777.2		728.9		7.2	%		$	274.8		244.7		12.3	%
*% of sales*		*12.4*	%	*12.6*	%				*12.7*	%	*12.7*	%
FASTBin/FASTVend sales	$	1,988.8		1,710.7		16.9	%		$	703.6		586.8		19.9	%
% of sales		31.8	%	29.5	%				32.6	%	30.3	%
FMI sales	$	2,766.0		2,439.6		14.0	%		$	978.4		831.5		17.7	%
FMI daily sales	$	14.5		12.7				$	15.3		13.0
*% of sales*		*44.3*	%	*42.1*	%				*45.3*	%	*43.0*	%

eBusiness sales	$	1,868.3		1,686.1		11.4	%		$	628.7		582.3		8.0	%
*% of sales*		*29.9*	%	*29.1*	%				*29.1*	%	*30.1*	%

Less: eBusiness and FMI sales overlap	$	817.8		658.4		24.9	%		$	283.3		231.9		22.1	%
% of sales		13.1	%	11.4	%				13.1	%	12.0	%

Digital Footprint sales	$	3,816.5		3,467.3		10.6	%		$	1,323.8		1,181.9		12.0	%
*% of sales*		*61.1*	%	*59.9*	%				*61.3*	%	*61.1*	%


	九个月期间		三个月期间
		2025		2024		DSR 变化 (3)			2025		2024		DSR 变化 (3)
加权 FASTBin/FASTVend 签约 (MEUs)		19,925		21,194		-6.0	%			7,050		7,281		-3.2	%
每日签约		104		110					110		114
加权 FASTBin/FASTVend 安装 (MEUs; 期末)						133,910			123,193		8.7	%

FASTStock 销售	$	777.2		728.9		7.2	%		$	274.8		244.7		12.3	%
*% 销售*		*12.4*	%	*12.6*	%				*12.7*	%	*12.7*	%
FASTBin/FASTVend 销售	$	1,988.8		1,710.7		16.9	%		$	703.6		586.8		19.9	%
% 销售		31.8	%	29.5	%				32.6	%	30.3	%
FMI 销售	$	2,766.0		2,439.6		14.0	%		$	978.4		831.5		17.7	%
FMI 每日销售	$	14.5		12.7				$	15.3		13.0
*% 销售*		*44.3*	%	*42.1*	%				*45.3*	%	*43.0*	%

电子商务销售	$	1,868.3		1,686.1		11.4	%		$	628.7		582.3		8.0	%
*% 销售*		*29.9*	%	*29.1*	%				*29.1*	%	*30.1*	%

减：电子商务和 FMI 销售重叠	$	817.8		658.4		24.9	%		$	283.3		231.9		22.1	%
% 销售		13.1	%	11.4	%				13.1	%	12.0	%

数字足迹销售	$	3,816.5		3,467.3		10.6	%		$	1,323.8		1,181.9		12.0	%
*% 销售*		*61.1*	%	*59.9*	%				*61.3*	%	*61.1*	%


(1)		Our eBusiness includes eProcurement activities, which are integrated transactions, including electronic data interchange (EDI), and eCommerce (transactional website sales).
(2)		Digital Footprint is a combination of our sales through FMI (FASTStock, FASTBin, and FASTVend) plus that portion of our eBusiness sales that does not represent billings of FMI services.
(3)		Weighted FASTBin/FASTVend signings and installations reflects the percent change compared to the same period in the prior year.


(1)		我们的电子商务包括电子采购活动，这些是集成交易，包括电子数据交换 (EDI) 和电子商务 (交易网站销售)。
(2)		数字足迹是我们通过 FMI (FASTStock、FASTBin 和 FASTVend) 的销售加上我们电子商务销售中不代表 FMI 服务账单的部分。
(3)		加权 FASTBin/FASTVend 签约和安装反映与去年同期相比的百分比变化。

Gross Profit

毛利润

Our gross profit, as a percentage of net sales, increased to 45.3% in the third quarter of 2025 from 44.9% in the third quarter of 2024. The fastener expansion project, other supplier-focused initiatives, and improvements in customer and supplier incentives contributed to the gross profit percentage increase in the third quarter of 2025. The aforementioned positive effects on our gross profit percentage were partially offset by a couple of variables. First, customer mix diluted our gross profit percentage. This reflects relatively stronger growth from large customers, including Onsite-like customers, which tend to have a lower gross profit percentage than our business as a whole. Second, we experienced higher organizational/overhead costs, primarily due to certain working capital being relieved from inventory generating higher period costs. Price/cost had a neutral impact on our gross profit percentage.

我们的毛利润占净销售的百分比，从 2024 年第三季度的 44.9% 上升至 2025 年第三季度的 45.3%。紧固件扩展项目、其他供应商专注的举措以及客户和供应商激励的改善，促进了 2025 年第三季度毛利润百分比的上升。上述对我们毛利润百分比的积极影响部分被几个变量抵消。首先，客户组合稀释了我们的毛利润百分比。这反映出大型客户（包括类似现场的客户）相对较强的增长，这些客户的毛利润百分比通常低于我们整体业务的毛利润百分比。其次，我们经历了更高的组织/间接费用，主要是由于某些营运资金从库存中释放，导致更高的期间成本。价格/成本对我们的毛利润百分比产生了中性影响。

SG&A Expenses

销售和管理费用

Our SG&A expenses, as a percentage of net sales, were unchanged at 24.6% in the third quarter of 2025 from 24.6% in the third quarter of 2024.

我们的销售和管理费用占净销售的百分比，在 2025 年第三季度保持在 24.6%，与 2024 年第三季度相同。

Employee-related expenses, which represent 70% to 75% of total SG&A expenses, increased 12.9% in the third quarter of 2025 compared to the third quarter of 2024. We experienced an increase in employee base pay, although at a rate below the growth in sales, due to higher average FTE during the period, and, to a lesser degree, higher average wages during the period. Bonuses and commissions and profit sharing increased at a rate greater than sales as a result of improved business activity and financial performance versus the year-ago period.

与员工相关的费用占总销售和管理费用的 70% 至 75%，在 2025 年第三季度相比于 2024 年第三季度增加了 12.9%。我们经历了员工基本工资的增加，尽管增幅低于销售增长，主要是由于期间内全职员工的平均人数增加，以及在一定程度上，期间内平均工资的提高。由于业务活动和财务表现的改善，奖金、佣金和利润分享的增幅超过了销售的增幅。

Occupancy-related expenses, which represent 15% to 20% of total SG&A expenses, increased 5.3% in the third quarter of 2025 compared to the third quarter of 2024. This was driven by general inflation in branch rental costs and, to a lesser degree, higher depreciation from an increase in the installed base of FMI hardware.

与占总销售和管理费用的 15% 至 20% 相关的租金费用，在 2025 年第三季度相比于 2024 年第三季度增加了 5.3%。这主要是由于分支租金成本的普遍通胀，以及在一定程度上，由于 FMI 硬件安装基数的增加导致的折旧增加。

Combined, all other SG&A expenses, which represent 10% to 15% of total SG&A expenses, increased 10.9% in the third quarter of 2025 compared to the third quarter of 2024. Selling-related transportation costs were higher, reflecting higher lease costs, which were only partially offset by lower fuel expense. We had relatively smaller increases in information technology (IT), realized losses on currency conversion, sales-related travel expense, and bad debt expense, which were partially offset by reductions in general insurance expense and increases in joint marketing efforts with our suppliers.

所有其他销售和管理费用的总和，占总销售和管理费用的 10% 至 15%，在 2025 年第三季度相比于 2024 年第三季度增加了 10.9%。与销售相关的运输成本较高，反映出更高的租赁成本，尽管部分被较低的燃料费用抵消。我们在信息技术 (IT)、货币兑换的实现损失、与销售相关的差旅费用和坏账费用方面的增加相对较小，这些增加部分被一般保险费用的减少和与供应商的联合营销努力的增加所抵消。

Operating Income

营业收入

Our operating income, as a percentage of net sales, increased to 20.7% in the third quarter of 2025 from 20.3% in the third quarter of 2024.

我们的营业收入占净销售的百分比，从 2024 年第三季度的 20.3% 上升至 2025 年第三季度的 20.7%。

Net Interest

净利息

We had lower interest income earned during the third quarter of 2025 and lower interest expense in the third quarter of 2025. The decrease in interest income relative to interest expense resulted in net interest expense of $0.9 in the third quarter of 2025, which compared to net interest expense of $0.5 in the third quarter of 2024.

我们在 2025 年第三季度的利息收入较低，同时 2025 年第三季度的利息支出也较低。利息收入相对于利息支出的减少导致 2025 年第三季度的净利息支出为 0.9 美元，而 2024 年第三季度的净利息支出为 0.5 美元。

Income Taxes

所得税

We recorded income tax expense of $105.1 in the third quarter of 2025, or 23.9% of income before income taxes. Income tax expense was $89.5 in the third quarter of 2024, or 23.1% of income before income taxes. Our tax rate in the third quarter of 2025 was below our expected ongoing tax rate due to a decrease in our liability for unrecognized tax benefits in the third quarter of 2025, and the tax benefits associated with the exercise of stock options during the period. These reductions were partially offset by the return to provision adjustments processed in the third quarter of 2025. We believe our ongoing tax rate, absent any discrete tax items or broader changes to tax law, will be approximately 24.5%.

我们在 2025 年第三季度记录的所得税费用为 105.1 美元，占税前收入的 23.9%。2024 年第三季度的所得税费用为 89.5 美元，占税前收入的 23.1%。由于 2025 年第三季度未确认税收利益的负债减少，以及在此期间行使股票期权所带来的税收利益，我们在 2025 年第三季度的税率低于预期的持续税率。这些减少部分被 2025 年第三季度处理的准备金调整所抵消。我们相信，在没有任何离散税项或更广泛的税法变更的情况下，我们的持续税率将约为 24.5%。

On July 4, 2025, the U.S. enacted the One Big Beautiful Bill Act (OBBBA). The impact of the OBBBA enactment is immaterial to our Condensed Consolidated Financial Statements.

2025年7月4日，美国通过了《一项伟大的美丽法案》（One Big Beautiful Bill Act，OBBBA）。OBBBA 的实施对我们的简明合并财务报表影响不大。

Net Income

净收入

Our net income during the third quarter of 2025 was $335.5, an increase of 12.6% compared to the third quarter of 2024. Our diluted net income per share was $0.29 in the third quarter of 2025, compared to $0.26 in the third quarter of 2024.

我们在 2025 年第三季度的净收入为 335.5 美元，比 2024 年第三季度增长了 12.6%。我们在 2025 年第三季度的稀释每股净收入为 0.29 美元，而 2024 年第三季度为 0.26 美元。

CASH FLOW AND BALANCE SHEET

现金流和资产负债表

Net cash provided by operating activities was $386.9 in the third quarter of 2025, an increase of 30.3% from the third quarter of 2024, representing 115.3% of the period's net income versus 99.6% in the third quarter of 2024. The increase in operating cash flow, as a percent of net income, primarily reflects a reduction in estimated income tax payments relating to the reinstatement of bonus depreciation in 2025 and working capital being a modest source of cash in the third quarter of 2025, as opposed to a use of cash in the third quarter of 2024.

2025 年第三季度，经营活动提供的净现金为 386.9 美元，比 2024 年第三季度增长了 30.3%，占该期间净收入的 115.3%，而 2024 年第三季度为 99.6%。经营现金流的增加，作为净收入的百分比，主要反映了与 2025 年恢复奖金折旧相关的预计所得税支付的减少，以及 2025 年第三季度营运资本成为现金的适度来源，而不是 2024 年第三季度的现金使用。

Net cash provided by operating activities was $927.8 in the first nine months of 2025, an increase of 4.2% from the first nine months of 2024, representing 96.2% of the period's net income versus 100.2% in the first nine months of 2024. The decrease in operating cash flow, as a percent of net income, primarily reflects our operating assets and liabilities being a more significant use of cash, which was only partially offset by a reduction in estimated income tax payments in the first nine months of 2025 than in the first nine months of 2024.

2025 年前九个月，经营活动提供的净现金为 927.8 美元，比 2024 年前九个月增长了 4.2%，占该期间净收入的 96.2%，而 2024 年前九个月为 100.2%。经营现金流作为净收入的百分比的减少，主要反映了我们的经营资产和负债对现金的更大使用，这仅部分被 2025 年前九个月预计所得税支付的减少所抵消。

The dollar and percentage change in accounts receivable, net, inventories, and accounts payable as of September 30, 2025 when compared to September 30, 2024 were as follows:

截至2025年9月30日，账户应收款净额、存货和应付账款的美元和百分比变化与2024年9月30日相比如下：


	September 30	Twelve-month Dollar Change	Twelve-month Percentage Change
	2025		2024		2025	2025
Accounts receivable, net	$	1,347.3		1,200.6		$	146.6	12.2	%
Inventories		1,722.8		1,559.5			163.3	10.5	%
Trade working capital	$	3,070.1		2,760.1		$	309.9	11.2	%

Accounts payable	$	344.8		301.7		$	43.1	14.3	%
Trade working capital, net	$	2,725.3		2,458.4		$	266.8	10.9	%

Net sales in last three months	$	2,133.3		1,910.2		$	223.2	11.7	%

Note - Amounts may not foot due to rounding differences.


	2025年9月30日	十二个月美元变化	十二个月百分比变化
	2025		2024		2025	2025
应收账款净额	$	1,347.3		1,200.6		$	146.6	12.2	%
存货		1,722.8		1,559.5			163.3	10.5	%
贸易营运资本	$	3,070.1		2,760.1		$	309.9	11.2	%

应付账款	$	344.8		301.7		$	43.1	14.3	%
贸易营运资本净额	$	2,725.3		2,458.4		$	266.8	10.9	%

最近三个月的净销售额	$	2,133.3		1,910.2		$	223.2	11.7	%

注 - 由于四舍五入差异，金额可能不完全相符。

The increase in our accounts receivable balance in the third quarter of 2025 was primarily attributable to growth in sales with our customers, including relative growth with larger customers that tend to carry longer payment terms.

2025 年第三季度，我们的应收账款余额的增加主要归因于与客户的销售增长，包括与较大客户的相对增长，这些客户通常具有较长的付款期限。

The increase in our inventory balance in the third quarter of 2025 was primarily attributable to two factors. First, we added inventory to support projected growth in our business. Second, and to a lesser extent, tariffs and general inflation have led to increased inventory valuation.

2025 年第三季度，我们的存货余额的增加主要归因于两个因素。首先，我们增加了存货以支持业务的预期增长。其次，关税和一般通货膨胀在一定程度上导致了存货估值的增加。

The increase in our accounts payable balance in the third quarter of 2025 was primarily attributable to an increase in our product purchases as reflected in the growth in inventories.

2025 年第三季度，我们的应付账款余额的增加主要归因于产品采购的增加，这反映在存货的增长中。

During the third quarter of 2025, our investment in property and equipment, net of proceeds from sales, was $54.7, which was a slight decrease from $55.8 in the third quarter of 2024. This was primarily related to an increase in spending for FMI hardware to support growth in our installed base, facility construction and upgrades, IT, and vehicles that was partially offset by an increase in proceeds from sales of vehicles and property.

在 2025 年第三季度，我们在物业和设备上的投资（扣除销售收入）为 54.7 美元，较 2024 年第三季度的 55.8 美元略有减少。这主要与为支持我们已安装基础的增长而增加的 FMI 硬件支出、设施建设和升级、IT 和车辆支出有关，这部分被车辆和物业销售收入的增加所抵消。

For 2025, we expect our investment in property and equipment, net of proceeds from sales, to be within a range of $235.0 to $255.0, an increase from $214.1 in 2024. The expected growth on a year-to-year basis reflects three items. First, we had higher distribution center spending as we completed construction of our replacement Utah hub facility in the third quarter of 2025, began construction on a replacement Atlanta hub facility, and improved our picking capacity and efficiency across our hub network. Second, we expect greater outlays for FMI hardware. Third, we expect elevated IT spending as projects that were expected in 2024 experienced delays and are expected to continue throughout 2025.

对于 2025 年，我们预计在物业和设备上的投资（扣除销售收入）将在 235.0 美元到 255.0 美元之间，较 2024 年的 214.1 美元有所增加。预计的年度增长反映了三个方面。首先，随着我们在 2025 年第三季度完成了替代犹他州中心设施的建设，开始建设替代亚特兰大中心设施，并提高了我们中心网络的拣货能力和效率，我们的配送中心支出增加。其次，我们预计 FMI 硬件的支出将增加。第三，我们预计 IT 支出将增加，因为原定于 2024 年的项目经历了延迟，并预计将持续到 2025 年。

During the third quarter of 2025, we returned $252.5 to our shareholders in the form of dividends, compared to the third quarter of 2024 when we returned $223.4 to our shareholders in the form of dividends. During the first nine months of 2025, we returned $751.6 to our shareholders in the form of dividends, compared to the first nine months of 2024 when we returned $669.9 to our shareholders in the form of dividends. We did not repurchase any of our common stock in either period.

在 2025 年第三季度，我们以股息的形式向股东返还了 252.5 万美元，而在 2024 年第三季度，我们以股息的形式向股东返还了 223.4 万美元。在 2025 年前九个月，我们以股息的形式向股东返还了 751.6 万美元，而在 2024 年前九个月，我们以股息的形式向股东返还了 669.9 万美元。在这两个期间内，我们没有回购任何普通股。

Total debt on our balance sheet was $195.0 at the end of the third quarter of 2025, or 4.8% of total capital (the sum of stockholders' equity and total debt). This compares to $240.0, or 6.3% of total capital, at the end of the third quarter of 2024.

截至 2025 年第三季度末，我们资产负债表上的总债务为 195.0 万美元，占总资本的 4.8%（股东权益与总债务之和）。相比之下，2024 年第三季度末的总债务为 240.0 万美元，占总资本的 6.3%。

ADDITIONAL INFORMATION

附加信息

The table below summarizes our absolute and full time equivalent (FTE; based on 40 hours per week) employee headcount, number of branch locations, number of $50k+ customer sites, and weighted FMI devices at the end of the periods presented and the percentage change compared to the end of the prior periods.

下表总结了截至所示期间的绝对员工人数和全职等效（FTE；基于每周 40 小时）员工人数、分支机构数量、50,000 美元以上客户站点数量以及加权 FMI 设备数量，并与前期末的百分比变化进行比较。


			Change Since:		Change Since:		Change Since:
	Q3 2025	Q2 2025	Q2 2025	Q4 2024	Q4 2024	Q3 2024	Q3 2024
Selling personnel - absolute employee headcount (1)	17,196	17,192	0.0 %	16,669	3.2 %	16,620	3.5%
Selling personnel - FTE employee headcount (1)	15,414	15,660	-1.6 %	15,014	2.7 %	15,035	2.5%
Total personnel - absolute employee headcount	24,438	24,362	0.3 %	23,702	3.1 %	23,518	3.9%
Total personnel - FTE employee headcount	21,568	21,807	-1.1 %	20,958	2.9 %	20,894	3.2%

Number of branch locations	1,590	1,596	-0.4 %	1,597	-0.4 %	1,597	-0.4%
Number of $50k+ customer sites	2,771	2,683	3.3 %	2,330	18.9 %	2,401	15.4%
Weighted FMI devices (MEU installed count)	133,910	132,174	1.3 %	126,957	5.5 %	123,193	8.7%


			变化自：		变化自：		变化自：
	2025 年 Q3	2025 年 Q2	2025 年 Q2	2024 年 Q4	2024 年 Q4	2024 年 Q3	2024 年 Q3
销售人员 - 绝对员工人数 (1)	17,196	17,192	0.0 %	16,669	3.2 %	16,620	3.5%
销售人员 - FTE 员工人数 (1)	15,414	15,660	-1.6 %	15,014	2.7 %	15,035	2.5%
总人员 - 绝对员工人数	24,438	24,362	0.3 %	23,702	3.1 %	23,518	3.9%
总人员 - FTE 员工人数	21,568	21,807	-1.1 %	20,958	2.9 %	20,894	3.2%

分支机构数量	1,590	1,596	-0.4 %	1,597	-0.4 %	1,597	-0.4%
50,000 美元以上客户站点数量	2,771	2,683	3.3 %	2,330	18.9 %	2,401	15.4%
加权 FMI 设备（MEU 安装数量）	133,910	132,174	1.3 %	126,957	5.5 %	123,193	8.7%


(1)		In the fourth quarter of 2024, we realigned certain employees as a result of a routine review of our organizational structure. While there was no change to total absolute or total FTE headcount, it produced minor shifts between headcount categories. Historical numbers have been adjusted to reflect this realignment.


(1)		在 2024 年第四季度，我们因例行审查组织结构而重新调整了某些员工。虽然总绝对员工人数或总 FTE 员工人数没有变化，但在员工类别之间产生了小幅变动。历史数据已调整以反映这一重新调整。

During the last twelve months, we increased our total FTE employee headcount by 674. Our total FTE selling and sales support personnel increased by 379 to support growth and sales initiatives to target customer acquisition. We had an increase in our distribution and transportation FTE personnel of 106 to support increased product throughput at our distribution facilities. We had an increase in our remaining FTE personnel of 189, which related primarily to personnel investments in IT, quality control, and strategy and communications.

在过去的十二个月中，我们的总 FTE 员工人数增加了 674。我们的总 FTE 销售和销售支持人员增加了 379，以支持客户获取的增长和销售计划。我们的分销和运输 FTE 人员增加了 106，以支持分销设施的产品处理量增加。我们的其他 FTE 人员增加了 189，主要与 IT、质量控制以及战略和沟通的人事投资有关。

CONFERENCE CALL TO DISCUSS QUARTERLY RESULTS

讨论季度业绩的电话会议

As we previously disclosed, we will host a conference call today to review the quarterly results, as well as current operations. This conference call will be broadcast live over the Internet at 9:00 a.m., central time. To access the webcast, please go to our Investor Relations Website at https://investor.fastenal.com/events.cfm.

正如我们之前披露的，我们将在今天举行电话会议，回顾季度业绩以及当前运营情况。此次电话会议将于中部时间上午 9:00 通过互联网直播。要访问网络直播，请前往我们的投资者关系网站 https://investor.fastenal.com/events.cfm。

ADDITIONAL MONTHLY AND QUARTERLY INFORMATION

附加的每月和季度信息

We publish on the 'Investor Relations' page of our website at www.fastenal.com both our monthly consolidated net sales information and the presentation for our quarterly conference call (which includes information, supplemental to that contained in our earnings announcement, regarding results for the quarter). We expect to publish the consolidated net sales information for each month, other than the third month of a quarter, at 6:00 a.m., central time, on the fourth business day of the following month. We expect to publish the consolidated net sales information for the third month of each quarter and the conference call presentation for each quarter at 6:00 a.m., central time, on the date our earnings announcement for such quarter is publicly released.

我们在网站的 “投资者关系” 页面上发布每月的合并净销售信息以及季度电话会议的演示文稿（其中包括与我们收益公告中包含的季度业绩相关的补充信息）。我们预计将在每个月的第四个工作日的中部时间上午 6:00 发布每个月的合并净销售信息，除了季度的第三个月。我们预计将在每个季度的收益公告公开发布当天的中部时间上午 6:00 发布每个季度的合并净销售信息和电话会议演示文稿。

FORWARD-LOOKING STATEMENTS

前瞻性声明

Certain statements contained in this document do not relate strictly to historical or current facts. As such, they are considered 'forward-looking statements' that provide current expectations or forecasts of future events. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of terminology such as anticipate, believe, should, estimate, expect, intend, may, will, plan, goal, project, hope, trend, target, opportunity, and similar words or expressions, or by references to typical outcomes. Any statement that is not a historical fact, including estimates, projections, future trends, and the outcome of events that have not yet occurred, is a forward-looking statement. Our forward-looking statements generally relate to our expectations and beliefs regarding the business environment in which we operate, our projections of future performance, our perceived marketplace opportunities including our prospects to capture long-term value from certain warehousing customers and the related end market, our strategies, goals, mission, and vision, and our expectations about future capital expenditures, future tax rates, including anticipated tax impacts from recent legislation, future inventory levels, pricing, weighted FMI device signings, future sales attributable to our Digital Footprint, investment in property and equipment, the impact of inflation or deflation on our cost of goods, controlling SG&A expenses including FTE growth, future traditional branch closures and openings, the impact of fluctuations in freight and shipping costs, future operating results and business activity, and the impact of natural disasters on daily sales. You should understand that forward-looking statements involve a variety of risks and uncertainties, known and unknown (including risks disclosed in our most recent annual and quarterly reports), and may be affected by inaccurate assumptions. Consequently, no forward-looking statement can be guaranteed and actual results may vary materially. Factors that could cause our actual results to differ from those discussed in the forward-looking statements include, but are not limited to, those detailed in our most recent annual and quarterly reports. Each forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any such statement to reflect events or circumstances arising after such date. FAST-E

本文件中包含的某些声明并不严格与历史或当前事实相关。因此，它们被视为 “前瞻性声明”，提供当前对未来事件的预期或预测。这些前瞻性声明是根据 1995 年《私人证券诉讼改革法》的安全港条款作出的。此类声明可以通过使用诸如预期、相信、应该、估计、期望、打算、可能、将、计划、目标、项目、希望、趋势、目标、机会等术语或类似词汇，或通过对典型结果的引用来识别。任何不是历史事实的声明，包括估计、预测、未来趋势以及尚未发生事件的结果，都是前瞻性声明。我们的前瞻性声明通常与我们对经营环境的期望和信念、对未来业绩的预测、我们对市场机会的认知，包括我们从某些仓储客户及相关终端市场获取长期价值的前景、我们的战略、目标、使命和愿景，以及我们对未来资本支出、未来税率（包括近期立法带来的预期税收影响）、未来库存水平、定价、加权 FMI 设备签约、归因于我们数字足迹的未来销售、对物业和设备的投资、通货膨胀或通货紧缩对我们商品成本的影响、控制 SG&A 费用（包括 FTE 增长）、未来传统分支机构的关闭和开设、货运和运输成本波动的影响、未来经营结果和商业活动，以及自然灾害对日常销售的影响等方面的期望有关。您应该理解，前瞻性声明涉及各种已知和未知的风险和不确定性（包括在我们最近的年度和季度报告中披露的风险），并可能受到不准确假设的影响。因此，无法保证任何前瞻性声明，实际结果可能会有重大差异。可能导致我们实际结果与前瞻性声明中讨论的结果不同的因素包括但不限于我们最近的年度和季度报告中详细列出的因素。每个前瞻性声明仅在作出该声明的日期有效，我们不承担更新任何此类声明以反映该日期之后发生的事件或情况的义务。FAST-E


FASTENAL COMPANY
Condensed Consolidated Balance Sheets
(Amounts in millions except share and per share information)
(Unaudited)


Assets	September 30, 2025		December 31, 2024
Current assets:
Cash and cash equivalents	$	288.1		255.8
Trade accounts receivable, net of allowance for credit losses of $5.5 and $5.2, respectively		1,347.3		1,108.6
Inventories		1,722.8		1,645.0
Prepaid income taxes		9.4		18.8
Other current assets		178.5		183.7
Total current assets		3,546.1		3,211.9

Property and equipment, net		1,112.6		1,056.6
Operating lease right-of-use assets		315.0		279.2
Other assets		142.6		150.3

Total assets	$	5,116.3		4,698.0

Liabilities and Stockholders' Equity
Current liabilities:
Current portion of debt	$	95.0		75.0
Accounts payable		344.8		287.7
Accrued expenses		261.1		225.6
Current portion of operating lease liabilities		106.8		98.8
Income taxes payable		25.0		—
Total current liabilities		832.7		687.1

Long-term debt		100.0		125.0
Operating lease liabilities		215.5		186.6
Deferred income taxes		62.8		68.9
Other long-term liabilities		10.8		14.1

Stockholders' equity:
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding		—		—
Common stock: $0.01 par value, 1,600,000,000 shares authorized, 1,148,033,521 and 1,146,640,904 shares issued and outstanding, respectively		11.5		11.5
Additional paid-in capital		112.9		82.8
Retained earnings		3,826.3		3,613.5
Accumulated other comprehensive loss		(56.2	)	(91.5	)
Total stockholders' equity		3,894.5		3,616.3
Total liabilities and stockholders' equity	$	5,116.3		4,698.0


FASTENAL COMPANY
简明合并资产负债表
（金额以百万计，除股份和每股信息外）
（未经审计）


资产	2025年9月30日		2024年12月31日
流动资产：
现金及现金等价物	$	288.1		255.8
应收账款（扣除信用损失准备金 5.5 和 5.2）		1,347.3		1,108.6
存货		1,722.8		1,645.0
预付所得税		9.4		18.8
其他流动资产		178.5		183.7
流动资产总计		3,546.1		3,211.9

固定资产净额		1,112.6		1,056.6
租赁使用权资产		315.0		279.2
其他资产		142.6		150.3

资产总计	$	5,116.3		4,698.0

负债和股东权益
流动负债：
流动债务	$	95.0		75.0
应付账款		344.8		287.7
应计费用		261.1		225.6
租赁负债的流动部分		106.8		98.8
应付所得税		25.0		—
流动负债总计		832.7		687.1

长期债务		100.0		125.0
租赁负债		215.5		186.6
递延所得税		62.8		68.9
其他长期负债		10.8		14.1

股东权益：
优先股：面值$0.01，授权 5,000,000 股，无发行或流通股份		—		—
普通股：面值$0.01，授权 1,600,000,000 股，已发行和流通股份 1,148,033,521 和 1,146,640,904		11.5		11.5
额外实收资本		112.9		82.8
留存收益		3,826.3		3,613.5
累计其他综合损失		(56.2	)	(91.5	)
股东权益总计		3,894.5		3,616.3
负债和股东权益总计	$	5,116.3		4,698.0


FASTENAL COMPANY
Condensed Consolidated Statements of Income
(Amounts in millions except income per share)
(Unaudited)


	Nine Months Ended September 30,		Three Months Ended September 30,
		2025		2024			2025		2024
Net sales	$	6,173.1		5,721.5		$	2,133.3		1,910.2
Cost of sales		3,380.6		3,137.8			1,167.5		1,051.6
Gross profit		2,792.5		2,583.7			965.8		858.6

Selling, general, and administrative expenses		1,521.1		1,418.5			524.3		470.5
Operating income		1,271.4		1,165.2			441.5		388.1

Interest income		4.3		4.2			0.7		1.3
Interest expense		(5.3	)	(5.6	)		(1.6	)	(1.8	)
Income before income taxes		1,270.4		1,163.8			440.6		387.6

Income tax expense		306.0		275.3			105.1		89.5
Net income	$	964.4		888.5		$	335.5		298.1

Basic net income per share	$	0.84		0.78		$	0.29		0.26
Diluted net income per share	$	0.84		0.77		$	0.29		0.26

Basic weighted average shares outstanding		1,147.4		1,145.1			1,147.9		1,145.5
Diluted weighted average shares outstanding		1,150.3		1,148.3			1,151.0		1,148.4


FASTENAL 公司
简明合并损益表
（金额单位：百万）
（未经审计）


	截至九个月的时间截至 9 月 30 日		截至三个月的时间截至 9 月 30 日
		2025		2024			2025		2024
净销售额	$	6,173.1		5,721.5		$	2,133.3		1,910.2
销售成本		3,380.6		3,137.8			1,167.5		1,051.6
毛利润		2,792.5		2,583.7			965.8		858.6

销售、一般和行政费用		1,521.1		1,418.5			524.3		470.5
营业收入		1,271.4		1,165.2			441.5		388.1

利息收入		4.3		4.2			0.7		1.3
利息支出		(5.3	)	(5.6	)		(1.6	)	(1.8	)
税前收入		1,270.4		1,163.8			440.6		387.6

所得税费用		306.0		275.3			105.1		89.5
净收入	$	964.4		888.5		$	335.5		298.1

每股基本净收入	$	0.84		0.78		$	0.29		0.26
每股稀释净收入	$	0.84		0.77		$	0.29		0.26

基本加权平均流通股数		1,147.4		1,145.1			1,147.9		1,145.5
稀释加权平均流通股数		1,150.3		1,148.3			1,151.0		1,148.4


FASTENAL COMPANY
Condensed Consolidated Statements of Cash Flows
(Amounts in millions)
(Unaudited)

	Nine Months Ended September 30,		Three Months Ended September 30,
		2025		2024			2025		2024
Cash flows from operating activities:
Net income	$	964.4		888.5		$	335.5		298.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment		126.7		123.0			42.3		41.8
Gain on sale of property and equipment		(2.6	)	(3.0	)		(1.0	)	(1.3	)
Bad debt expense (recoveries)		3.5		(0.2	)		1.6		0.4
Deferred income taxes		(6.1	)	2.8			(7.4	)	1.6
Stock-based compensation		6.2		6.0			2.1		2.0
Amortization of intangible assets		8.0		8.0			2.7		2.6
Changes in operating assets and liabilities:
Trade accounts receivable, net		(233.2	)	(113.5	)		(26.8	)	7.4
Inventories		(66.3	)	(36.2	)		1.4		(48.4	)
Other current assets		5.9		(19.6	)		(19.8	)	(26.1	)
Accounts payable		50.3		40.3			25.6		9.6
Accrued expenses		35.4		(14.8	)		5.4		7.7
Income taxes		34.8		0.7			22.3		(0.3	)
Other		0.8		8.5			3.0		1.8
Net cash provided by operating activities		927.8		890.5			386.9		296.9

Cash flows from investing activities:
Purchases of property and equipment		(185.3	)	(166.3	)		(60.3	)	(59.4	)
Proceeds from sale of property and equipment		12.5		9.6			5.6		3.6
Other		(0.3	)	(0.3	)		(0.1	)	(0.1	)
Net cash used in investing activities		(173.1	)	(157.0	)		(54.8	)	(55.9	)

Cash flows from financing activities:
Proceeds from debt obligations		1,040.0		590.0			365.0		205.0
Payments against debt obligations		(1,045.0	)	(610.0	)		(400.0	)	(200.0	)
Proceeds from exercise of stock options		23.9		26.3			6.6		7.7
Cash dividends paid		(751.6	)	(669.9	)		(252.5	)	(223.4	)
Net cash used in financing activities		(732.7	)	(663.6	)		(280.9	)	(210.7	)

Effect of exchange rate changes on cash and cash equivalents		10.3		1.0			(0.9	)	6.4

Net increase in cash and cash equivalents		32.3		70.9			50.3		36.7

Cash and cash equivalents at beginning of period		255.8		221.3			237.8		255.5
Cash and cash equivalents at end of period	$	288.1		292.2		$	288.1		292.2

Supplemental information:
Cash paid for interest	$	5.7		6.0		$	1.5		1.8
Net cash paid for income taxes	$	274.4		269.4		$	89.1		87.6
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$	109.5		75.5		$	36.4		26.1


FASTENAL 公司
简明合并现金流量表
（金额单位：百万）
（未经审计）

	截至九个月的时间截至 9 月 30 日		截至三个月的时间截至 9 月 30 日
		2025		2024			2025		2024
来自经营活动的现金流量：
净收入	$	964.4		888.5		$	335.5		298.1
调整净收入以对账经营活动提供的净现金：
固定资产折旧		126.7		123.0			42.3		41.8
固定资产出售收益		(2.6	)	(3.0	)		(1.0	)	(1.3	)
坏账费用（回收）		3.5		(0.2	)		1.6		0.4
递延所得税		(6.1	)	2.8			(7.4	)	1.6
基于股票的补偿		6.2		6.0			2.1		2.0
无形资产摊销		8.0		8.0			2.7		2.6
经营资产和负债的变动：
应收账款，净额		(233.2	)	(113.5	)		(26.8	)	7.4
存货		(66.3	)	(36.2	)		1.4		(48.4	)
其他流动资产		5.9		(19.6	)		(19.8	)	(26.1	)
应付账款		50.3		40.3			25.6		9.6
应计费用		35.4		(14.8	)		5.4		7.7
所得税		34.8		0.7			22.3		(0.3	)
其他		0.8		8.5			3.0		1.8
经营活动提供的净现金		927.8		890.5			386.9		296.9

来自投资活动的现金流量：
固定资产购买		(185.3	)	(166.3	)		(60.3	)	(59.4	)
固定资产出售收益		12.5		9.6			5.6		3.6
其他		(0.3	)	(0.3	)		(0.1	)	(0.1	)
投资活动使用的净现金		(173.1	)	(157.0	)		(54.8	)	(55.9	)

来自融资活动的现金流量：
债务义务的收益		1,040.0		590.0			365.0		205.0
债务义务的支付		(1,045.0	)	(610.0	)		(400.0	)	(200.0	)
股票期权行使的收益		23.9		26.3			6.6		7.7
支付的现金股息		(751.6	)	(669.9	)		(252.5	)	(223.4	)
融资活动使用的净现金		(732.7	)	(663.6	)		(280.9	)	(210.7	)

汇率变动对现金及现金等价物的影响		10.3		1.0			(0.9	)	6.4

现金及现金等价物的净增加		32.3		70.9			50.3		36.7

期初现金及现金等价物		255.8		221.3			237.8		255.5
期末现金及现金等价物	$	288.1		292.2		$	288.1		292.2

补充信息：
支付的利息	$	5.7		6.0		$	1.5		1.8
支付的所得税	$	274.4		269.4		$	89.1		87.6
以新经营租赁负债交换获得的经营租赁使用权资产	$	109.5		75.5		$	36.4		26.1

View source version on businesswire.com: https://www.businesswire.com/news/home/20251010013138/en/

在 businesswire.com 上查看源版本：https://www.businesswire.com/news/home/20251010013138/en/

Dray Schreiber

德雷·施雷伯

Accounting Manager

会计经理

507.313.7324

Source: Fastenal Company

来源：Fastenal Company

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