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.

明諾瓦，明尼蘇達州.--（商業資訊）--Fastenal Company（納斯達克代碼：FAST）（‘Fastenal’，‘我們’，‘我們的’ 或 ‘我們’），作為工業和建築用品批發分銷的領導者，今天公佈了截至2025年9月30日的季度財務業績。除非另有説明，所有金額均以百萬美元計。所有歷史普通股股份和每股信息以及本公告中所列所有期間的股東權益餘額，包括附在本公告中的財務報表，均已追溯調整，以反映2025年5月21日營業結束時生效的 2:1 股票拆分。基於非四捨五入美元值的百分比和美元計算，可能無法使用本文件中包含的美元值重新計算，因為這些美元值已進行了四捨五入。對每日銷售率（DSR）變化的引用可能反映適用期間的增長（正面）或收縮（負面）。

PERFORMANCE SUMMARY

業績摘要


	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.


	九個月期間		三個月期間
		2025		2024		變化		2025		2024		變化
淨銷售額	$	6,173.1		5,721.5		7.9	%	$	2,133.3		1,910.2		11.7	%
營業天數		191		192				64		64
每日銷售額	$	32.3		29.8		8.5	%	$	33.3		29.8		11.7	%
毛利潤	$	2,792.5		2,583.7		8.1	%	$	965.8		858.6		12.5	%
佔淨銷售額的百分比		45.2	%	45.2	%			45.3	%	44.9	%
銷售、一般和行政（SG&A）費用	$	1,521.1		1,418.5		7.2	%	$	524.3		470.5		11.5	%
佔淨銷售額的百分比		24.6	%	24.8	%			24.6	%	24.6	%
營業收入	$	1,271.4		1,165.2		9.1	%	$	441.5		388.1		13.7	%
佔淨銷售額的百分比		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	%
佔淨銷售額的百分比		20.6	%	20.3	%			20.7	%	20.3	%
淨收入	$	964.4		888.5		8.5	%	$	335.5		298.1		12.6	%
每股攤薄淨收入	$	0.84		0.77		8.4	%	$	0.29		0.26		12.3	%

注 – 每日銷售額定義為該期間的總淨銷售額除以該期間（在美國）的營業天數。

QUARTERLY RESULTS OF OPERATIONS

季度運營結果

Sales

銷售

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 年第三季度的淨銷售額較 2024 年第三季度增加了 223.2 萬美元，增幅為 11.7%。兩個期間的銷售天數相同。儘管 2025 年第三季度的工業生產仍然疲軟，但業績反映了自 2024 年第一季度以來客户合同簽署改善的貢獻。外匯匯率的變化在 2025 年第三季度對銷售產生了約 10 個基點的正面影響，而在 2024 年第三季度則產生了約 10 個基點的負面影響。

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.

我們在 2025 年第三季度經歷了單位銷售的增長。這是由於與 Fastenal 每月支出 1 萬美元或更多的客户站點數量的增長，以及在所有客户支出類別中每個客户站點的平均月銷售額的增長，後者的增長幅度較小。2025 年第三季度產品定價對淨銷售額的影響增加了 240 到 270 個基點，而在 2024 年第三季度，產品定價的影響並不顯著。

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:

從產品角度來看，我們有三個類別：緊固件，包括用於原始設備製造（OEM）和維護、修理和運營（MRO）的緊固件，安全用品，以及其他產品線，後者包括八個較小的產品類別，如工具、清潔用品和切割工具。2025 年第三季度的工業生產仍然疲軟；然而，我們的緊固件產品線的表現優於非緊固件產品線。與 2024 年第三季度相比，緊固件類別在 2025 年第三季度實現了更好的增長，主要得益於更容易的比較、大客户簽約的增加、我們配送中心的產品可用性改善，以及在 2025 年第二和第三季度實施的定價措施。我們的安全類別實現了增長，反映了個人防護裝備（PPE）需求的波動性較低，PPE 通常在 MRO 應用中使用的比 OEM 應用多，自動售貨機安裝基礎的增長，以及與數據中心客户的成功。其他產品線在 MRO 導向的產品（如清潔用品）和 OEM 導向的產品（如焊接/磨料）中實現了更高的增長，儘管製造需求持續疲軟。與去年同期相比的 DSR 變化和該期間的銷售百分比如下：


	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 變化三個月期間		銷售百分比三個月期間
	2025	2024		2025	2024
OEM 緊固件	15.9	%	-3.1	%		19.8	%	19.0	%
MRO 緊固件	12.0	%	-5.3	%		11.2	%	11.2	%
緊固件總計	14.4	%	-4.0	%		31.0	%	30.2	%
安全用品	9.8	%	6.8	%		22.1	%	22.5	%
其他產品線	10.7	%	3.7	%		46.9	%	47.3	%
非緊固件總計	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，我們計劃更新產品銷售細分的展示，以提供更好的分析和客户數據的可見性。關於此次變更的原因和新報告格式的示例已包含在我們 2025 年第三季度的投資者演示中。

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:

從最終市場的角度來看，我們有四個類別：重型製造、其他製造、非住宅建築和其他，後者包括轉售商、政府/教育、運輸、倉儲和存儲以及數據中心。我們的製造終端市場表現優於預期，主要是由於我們在關鍵客户中經歷的相對強勁的管理支出，這些客户的服務模式和技術特別有效。這對製造客户帶來了不成比例的好處。非住宅建築終端市場在連續十二個季度中第二次實現增長。其他終端市場的銷售受到教育和醫療、運輸以及數據中心客户增長的積極影響。儘管轉售商的銷售有所下降，但下降幅度低於我們歷史上看到的水平。與去年同期相比，DSR 變化和該期間的銷售百分比如下：


	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 變化三個月期間		銷售百分比三個月期間
	2025	2024		2025	2024
重型製造	12.4	%	0.7	%		43.1	%	42.7	%
其他製造	12.9	%	6.2	%		32.8	%	32.4	%
製造總計	12.7	%	3.0	%		75.9	%	75.1	%
非住宅建築	7.5	%	-3.6	%		8.3	%	8.6	%
其他終端市場	8.9	%	-0.3	%		15.8	%	16.3	%
非製造總計	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:

從客户的角度來看，我們有兩個類別：合同客户，包括具有顯著收入潛力的國家多地點、本地和區域客户以及政府客户；非合同客户，包括所有其他客户。與合同客户的銷售持續優於預期，因為我們從自 2024 年第一季度以來實現的強勁客户簽約中獲得了增量銷售，儘管這部分被低迷的商業活動所抵消。非合同客户通常較小，使用我們較少的工具和能力，因此提供的市場份額增長機會較少，因此更能反映整體商業趨勢，而這些趨勢依然疲軟。與去年同期相比，DSR 變化和該期間的銷售百分比如下：


	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 變化三個月期間		銷售百分比三個月期間
	2025	2024		2025	2024
合同銷售	13.2	%	6.3	%		73.8	%	72.0	%
非合同銷售	7.2	%	-8.1	%		26.2	%	28.0	%

Supplemental Data

補充數據

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，我們披露的指標主要涉及能力的發展，包括分支機構的開設、地理擴展、國家賬户的增長、非緊固件產品的增長、FMI 安裝和現場簽約等。下表提供的數據衡量了我們在市場網絡中服務的客户站點數量，按月客户支出類別和終端市場進行分類，以及每個站點的銷售和平均銷售。我們相信這些補充信息可能對投資者評估 Fastenal 的商業趨勢以及我們在多大程度上取得成功是有用的。歷史終端市場銷售已在下表中更新，以按客户站點進行分類，並可能由於這些美元值的四捨五入而無法重新計算。


	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


	三個月期間 2025		三個月期間 2024
	客户站點 (#) (1) (2)	銷售額	每個客户站點的月銷售額 (3)	客户站點 (#) (1) (2)	銷售額	每個客户站點的月銷售額 (3)
製造業
$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
其他銷售 (5)	—	2.2	—	—	11.7	—
製造業總計	42,321	$1,610.6	$12,668	44,028	$1,451.0	$10,897

非製造業
$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
其他銷售 (5)	—	11.7	—	—	8.2	—
非製造業總計	56,502	$522.7	$3,015	62,248	$459.2	$2,415

總計
$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
其他銷售 (5)	—	13.9	—	—	19.9	—
總計	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)		客户站點代表我們市場網絡服務的客户位置數量。擁有多個位置的單個客户將在多個市場位置上擁有多個客户站點。
(2)		客户站點是每月計算的客户站點數量的平均值。
(3)		每個客户站點的月銷售額總計不包括其他銷售線的銷售，因為沒有與之相關的客户站點數量。此列未四捨五入到百萬，並表示確切的美元金額。
(4)		$50k+ 客户站點被披露為現場類客户的代表，並且也是 $10k+ 客户站點的一個子集。
(5)		其他銷售代表與特定站點或市場位置無關的銷售影響。這包括某些服務費用、現金銷售、直接產品銷售等。

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 包括我們的 FASTStock℠（掃描庫存位置）、FASTBin®（紅外線、RFID 和標準化箱）和 FASTVend®（自動售貨機）產品。FASTStock 的履行處理技術不是嵌入式的，相對便宜且應用靈活，並通過我們的專有移動技術交付。FASTBin 和 FASTVend 結合了高效且強大的嵌入式數據跟蹤和履行處理技術。以下第一個統計數據是 加權 FMI® 衡量標準，它結合了 FASTBin 和 FASTVend 的簽約和安裝，以標準化機器等效單位（MEU）為基礎，基於每種設備的預期輸出。我們不將 FASTStock 包含在此測量中，因為掃描庫存位置可以採取多種形式，例如箱子、貨架、櫃子、托盤等，無法轉換為標準化的 MEU。第二個統計數據是 通過 FMI Technology 的銷售額，它結合了通過 FASTStock、FASTBin 和 FASTVend 的銷售額。FMI 的銷售增長的一部分，特別是 FASTStock 和 FASTBin，反映了產品從效率較低的非數字庫存位置遷移到更高效的數字庫存位置。

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.

我們在 2025 年第三季度簽署了 7,050 個加權 FASTBin 和 FASTVend 設備，導致在 2025 年前九個月簽署了 19,925 個新的 FASTBin 和 FASTVend。我們在 2025 年的加權 FASTBin 和 FASTVend 設備簽署目標仍然在 25,000 到 26,000 MEU 之間。

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

下表總結了我們 FMI 設備的簽約和安裝情況，以及通過我們的 FMI 設備、電子商務 (1) 工具和數字足跡 (2) 的銷售情況。


	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*	%


	九個月期間		三個月期間
		2025		2024		DSR 變化 (3)			2025		2024		DSR 變化 (3)
加權 FASTBin/FASTVend 簽約 (MEUs)		19,925		21,194		-6.0	%			7,050		7,281		-3.2	%
每日簽約		104		110					110		114
加權 FASTBin/FASTVend 安裝 (MEUs; 期末)						133,910			123,193		8.7	%

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

電子商務銷售	$	1,868.3		1,686.1		11.4	%		$	628.7		582.3		8.0	%
*% 銷售*		*29.9*	%	*29.1*	%				*29.1*	%	*30.1*	%

減：電子商務和 FMI 銷售重疊	$	817.8		658.4		24.9	%		$	283.3		231.9		22.1	%
% 銷售		13.1	%	11.4	%				13.1	%	12.0	%

數字足跡銷售	$	3,816.5		3,467.3		10.6	%		$	1,323.8		1,181.9		12.0	%
*% 銷售*		*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)		我們的電子商務包括電子採購活動，這些是集成交易，包括電子數據交換 (EDI) 和電子商務 (交易網站銷售)。
(2)		數字足跡是我們通過 FMI (FASTStock、FASTBin 和 FASTVend) 的銷售加上我們電子商務銷售中不代表 FMI 服務賬單的部分。
(3)		加權 FASTBin/FASTVend 簽約和安裝反映與去年同期相比的百分比變化。

Gross Profit

毛利潤

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.

我們的毛利潤佔淨銷售的百分比，從 2024 年第三季度的 44.9% 上升至 2025 年第三季度的 45.3%。緊固件擴展項目、其他供應商專注的舉措以及客户和供應商激勵的改善，促進了 2025 年第三季度毛利潤百分比的上升。上述對我們毛利潤百分比的積極影響部分被幾個變量抵消。首先，客户組合稀釋了我們的毛利潤百分比。這反映出大型客户（包括類似現場的客户）相對較強的增長，這些客户的毛利潤百分比通常低於我們整體業務的毛利潤百分比。其次，我們經歷了更高的組織/間接費用，主要是由於某些營運資金從庫存中釋放，導致更高的期間成本。價格/成本對我們的毛利潤百分比產生了中性影響。

SG&A Expenses

銷售和管理費用

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.

我們的銷售和管理費用佔淨銷售的百分比，在 2025 年第三季度保持在 24.6%，與 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.

與員工相關的費用佔總銷售和管理費用的 70% 至 75%，在 2025 年第三季度相比於 2024 年第三季度增加了 12.9%。我們經歷了員工基本工資的增加，儘管增幅低於銷售增長，主要是由於期間內全職員工的平均人數增加，以及在一定程度上，期間內平均工資的提高。由於業務活動和財務表現的改善，獎金、佣金和利潤分享的增幅超過了銷售的增幅。

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.

與佔總銷售和管理費用的 15% 至 20% 相關的租金費用，在 2025 年第三季度相比於 2024 年第三季度增加了 5.3%。這主要是由於分支租金成本的普遍通脹，以及在一定程度上，由於 FMI 硬件安裝基數的增加導致的折舊增加。

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.

所有其他銷售和管理費用的總和，佔總銷售和管理費用的 10% 至 15%，在 2025 年第三季度相比於 2024 年第三季度增加了 10.9%。與銷售相關的運輸成本較高，反映出更高的租賃成本，儘管部分被較低的燃料費用抵消。我們在信息技術 (IT)、貨幣兑換的實現損失、與銷售相關的差旅費用和壞賬費用方面的增加相對較小，這些增加部分被一般保險費用的減少和與供應商的聯合營銷努力的增加所抵消。

Operating Income

營業收入

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.

我們的營業收入佔淨銷售的百分比，從 2024 年第三季度的 20.3% 上升至 2025 年第三季度的 20.7%。

Net Interest

淨利息

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.

我們在 2025 年第三季度的利息收入較低，同時 2025 年第三季度的利息支出也較低。利息收入相對於利息支出的減少導致 2025 年第三季度的淨利息支出為 0.9 美元，而 2024 年第三季度的淨利息支出為 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%.

我們在 2025 年第三季度記錄的所得税費用為 105.1 美元，佔税前收入的 23.9%。2024 年第三季度的所得税費用為 89.5 美元，佔税前收入的 23.1%。由於 2025 年第三季度未確認税收利益的負債減少，以及在此期間行使股票期權所帶來的税收利益，我們在 2025 年第三季度的税率低於預期的持續税率。這些減少部分被 2025 年第三季度處理的準備金調整所抵消。我們相信，在沒有任何離散税項或更廣泛的税法變更的情況下，我們的持續税率將約為 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，美國通過了《一項偉大的美麗法案》（One Big Beautiful Bill Act，OBBBA）。OBBBA 的實施對我們的簡明合併財務報表影響不大。

Net Income

淨收入

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.

我們在 2025 年第三季度的淨收入為 335.5 美元，比 2024 年第三季度增長了 12.6%。我們在 2025 年第三季度的稀釋每股淨收入為 0.29 美元，而 2024 年第三季度為 0.26 美元。

CASH FLOW AND BALANCE SHEET

現金流和資產負債表

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，經營活動提供的淨現金為 386.9 美元，比 2024 年第三季度增長了 30.3%，佔該期間淨收入的 115.3%，而 2024 年第三季度為 99.6%。經營現金流的增加，作為淨收入的百分比，主要反映了與 2025 年恢復獎金折舊相關的預計所得税支付的減少，以及 2025 年第三季度營運資本成為現金的適度來源，而不是 2024 年第三季度的現金使用。

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 年前九個月，經營活動提供的淨現金為 927.8 美元，比 2024 年前九個月增長了 4.2%，佔該期間淨收入的 96.2%，而 2024 年前九個月為 100.2%。經營現金流作為淨收入的百分比的減少，主要反映了我們的經營資產和負債對現金的更大使用，這僅部分被 2025 年前九個月預計所得税支付的減少所抵消。

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，賬户應收款淨額、存貨和應付賬款的美元和百分比變化與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	十二個月美元變化	十二個月百分比變化
	2025		2024		2025	2025
應收賬款淨額	$	1,347.3		1,200.6		$	146.6	12.2	%
存貨		1,722.8		1,559.5			163.3	10.5	%
貿易營運資本	$	3,070.1		2,760.1		$	309.9	11.2	%

應付賬款	$	344.8		301.7		$	43.1	14.3	%
貿易營運資本淨額	$	2,725.3		2,458.4		$	266.8	10.9	%

最近三個月的淨銷售額	$	2,133.3		1,910.2		$	223.2	11.7	%

注 - 由於四捨五入差異，金額可能不完全相符。

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，我們的應收賬款餘額的增加主要歸因於與客户的銷售增長，包括與較大客户的相對增長，這些客户通常具有較長的付款期限。

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，我們的存貨餘額的增加主要歸因於兩個因素。首先，我們增加了存貨以支持業務的預期增長。其次，關税和一般通貨膨脹在一定程度上導致了存貨估值的增加。

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，我們的應付賬款餘額的增加主要歸因於產品採購的增加，這反映在存貨的增長中。

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，我們在物業和設備上的投資（扣除銷售收入）為 54.7 美元，較 2024 年第三季度的 55.8 美元略有減少。這主要與為支持我們已安裝基礎的增長而增加的 FMI 硬件支出、設施建設和升級、IT 和車輛支出有關，這部分被車輛和物業銷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.

對於 2025 年，我們預計在物業和設備上的投資（扣除銷售收入）將在 235.0 美元到 255.0 美元之間，較 2024 年的 214.1 美元有所增加。預計的年度增長反映了三個方面。首先，隨着我們在 2025 年第三季度完成了替代猶他州中心設施的建設，開始建設替代亞特蘭大中心設施，並提高了我們中心網絡的揀貨能力和效率，我們的配送中心支出增加。其次，我們預計 FMI 硬件的支出將增加。第三，我們預計 IT 支出將增加，因為原定於 2024 年的項目經歷了延遲，並預計將持續到 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，我們以股息的形式向股東返還了 252.5 萬美元，而在 2024 年第三季度，我們以股息的形式向股東返還了 223.4 萬美元。在 2025 年前九個月，我們以股息的形式向股東返還了 751.6 萬美元，而在 2024 年前九個月，我們以股息的形式向股東返還了 669.9 萬美元。在這兩個期間內，我們沒有回購任何普通股。

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，我們資產負債表上的總債務為 195.0 萬美元，佔總資本的 4.8%（股東權益與總債務之和）。相比之下，2024 年第三季度末的總債務為 240.0 萬美元，佔總資本的 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.

下表總結了截至所示期間的絕對員工人數和全職等效（FTE；基於每週 40 小時）員工人數、分支機構數量、50,000 美元以上客户站點數量以及加權 FMI 設備數量，並與前期末的百分比變化進行比較。


			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%


			變化自：		變化自：		變化自：
	2025 年 Q3	2025 年 Q2	2025 年 Q2	2024 年 Q4	2024 年 Q4	2024 年 Q3	2024 年 Q3
銷售人員 - 絕對員工人數 (1)	17,196	17,192	0.0 %	16,669	3.2 %	16,620	3.5%
銷售人員 - FTE 員工人數 (1)	15,414	15,660	-1.6 %	15,014	2.7 %	15,035	2.5%
總人員 - 絕對員工人數	24,438	24,362	0.3 %	23,702	3.1 %	23,518	3.9%
總人員 - FTE 員工人數	21,568	21,807	-1.1 %	20,958	2.9 %	20,894	3.2%

分支機構數量	1,590	1,596	-0.4 %	1,597	-0.4 %	1,597	-0.4%
50,000 美元以上客户站點數量	2,771	2,683	3.3 %	2,330	18.9 %	2,401	15.4%
加權 FMI 設備（MEU 安裝數量）	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，我們因例行審查組織結構而重新調整了某些員工。雖然總絕對員工人數或總 FTE 員工人數沒有變化，但在員工類別之間產生了小幅變動。歷史數據已調整以反映這一重新調整。

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.

在過去的十二個月中，我們的總 FTE 員工人數增加了 674。我們的總 FTE 銷售和銷售支持人員增加了 379，以支持客户獲取的增長和銷售計劃。我們的分銷和運輸 FTE 人員增加了 106，以支持分銷設施的產品處理量增加。我們的其他 FTE 人員增加了 189，主要與 IT、質量控制以及戰略和溝通的人事投資有關。

CONFERENCE CALL TO DISCUSS QUARTERLY RESULTS

討論季度業績的電話會議

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.

正如我們之前披露的，我們將在今天舉行電話會議，回顧季度業績以及當前運營情況。此次電話會議將於中部時間上午 9:00 通過互聯網直播。要訪問網絡直播，請前往我們的投資者關係網站 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.

我們在網站的 “投資者關係” 頁面上發佈每月的合併淨銷售信息以及季度電話會議的演示文稿（其中包括與我們收益公告中包含的季度業績相關的補充信息）。我們預計將在每個月的第四個工作日的中部時間上午 6:00 發佈每個月的合併淨銷售信息，除了季度的第三個月。我們預計將在每個季度的收益公告公開發布當天的中部時間上午 6:00 發佈每個季度的合併淨銷售信息和電話會議演示文稿。

FORWARD-LOOKING STATEMENTS

前瞻性聲明

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聲明並不嚴格與歷史或當前事實相關。因此，它們被視為 “前瞻性聲明”，提供當前對未來事件的預期或預測。這些前瞻性聲明是根據 1995 年《私人證券訴訟改革法》的安全港條款作出的。此類聲明可以通過使用諸如預期、相信、應該、估計、期望、打算、可能、將、計劃、目標、項目、希望、趨勢、目標、機會等術語或類似詞彙，或通過對典型結果的引用來識別。任何不是歷史事實的聲明，包括估計、預測、未來趨勢以及尚未發生事件的結果，都是前瞻性聲明。我們的前瞻性聲明通常與我們對經營環境的期望和信念、對未來業績的預測、我們對市場機會的認知，包括我們從某些倉儲客户及相關終端市場獲取長期價值的前景、我們的戰略、目標、使命和願景，以及我們對未來資本支出、未來税率（包括近期立法帶來的預期税收影響）、未來庫存水平、定價、加權 FMI 設備簽約、歸因於我們數字足跡的未來銷售、對物業和設備的投資、通貨膨脹或通貨緊縮對我們商品成本的影響、控制 SG&A 費用（包括 FTE 增長）、未來傳統分支機構的關閉和開設、貨運和運輸成本波動的影響、未來經營結果和商業活動，以及自然災害對日常銷售的影響等方面的期望有關。您應該理解，前瞻性聲明涉及各種已知和未知的風險和不確定性（包括在我們最近的年度和季度報告中披露的風險），並可能受到不準確假設的影響。因此，無法保證任何前瞻性聲明，實際結果可能會有重大差異。可能導致我們實際結果與前瞻性聲明中討論的結果不同的因素包括但不限於我們最近的年度和季度報告中詳細列出的因素。每個前瞻性聲明僅在作出該聲明的日期有效，我們不承擔更新任何此類聲明以反映該日期之後發生的事件或情況的義務。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
簡明合併資產負債表
（金額以百萬計，除股份和每股信息外）
（未經審計）


資產	2025年9月30日		2024年12月31日
流動資產：
現金及現金等價物	$	288.1		255.8
應收賬款（扣除信用損失準備金 5.5 和 5.2）		1,347.3		1,108.6
存貨		1,722.8		1,645.0
預付所得税		9.4		18.8
其他流動資產		178.5		183.7
流動資產總計		3,546.1		3,211.9

固定資產淨額		1,112.6		1,056.6
租賃使用權資產		315.0		279.2
其他資產		142.6		150.3

資產總計	$	5,116.3		4,698.0

負債和股東權益
流動負債：
流動債務	$	95.0		75.0
應付賬款		344.8		287.7
應計費用		261.1		225.6
租賃負債的流動部分		106.8		98.8
應付所得税		25.0		—
流動負債總計		832.7		687.1

長期債務		100.0		125.0
租賃負債		215.5		186.6
遞延所得税		62.8		68.9
其他長期負債		10.8		14.1

股東權益：
優先股：面值$0.01，授權 5,000,000 股，無發行或流通股份		—		—
普通股：面值$0.01，授權 1,600,000,000 股，已發行和流通股份 1,148,033,521 和 1,146,640,904		11.5		11.5
額外實收資本		112.9		82.8
留存收益		3,826.3		3,613.5
累計其他綜合損失		(56.2	)	(91.5	)
股東權益總計		3,894.5		3,616.3
負債和股東權益總計	$	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
簡明合併損益表
（金額單位：百萬）
（未經審計）


	截至九個月的時間截至 9 月 30 日		截至三個月的時間截至 9 月 30 日
		2025		2024			2025		2024
淨銷售額	$	6,173.1		5,721.5		$	2,133.3		1,910.2
銷售成本		3,380.6		3,137.8			1,167.5		1,051.6
毛利潤		2,792.5		2,583.7			965.8		858.6

銷售、一般和行政費用		1,521.1		1,418.5			524.3		470.5
營業收入		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

所得税費用		306.0		275.3			105.1		89.5
淨收入	$	964.4		888.5		$	335.5		298.1

每股基本淨收入	$	0.84		0.78		$	0.29		0.26
每股稀釋淨收入	$	0.84		0.77		$	0.29		0.26

基本加權平均流通股數		1,147.4		1,145.1			1,147.9		1,145.5
稀釋加權平均流通股數		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
簡明合併現金流量表
（金額單位：百萬）
（未經審計）

	截至九個月的時間截至 9 月 30 日		截至三個月的時間截至 9 月 30 日
		2025		2024			2025		2024
來自經營活動的現金流量：
淨收入	$	964.4		888.5		$	335.5		298.1
調整淨收入以對賬經營活動提供的淨現金：
固定資產折舊		126.7		123.0			42.3		41.8
固定資產出售收益		(2.6	)	(3.0	)		(1.0	)	(1.3	)
壞賬費用（回收）		3.5		(0.2	)		1.6		0.4
遞延所得税		(6.1	)	2.8			(7.4	)	1.6
基於股票的補償		6.2		6.0			2.1		2.0
無形資產攤銷		8.0		8.0			2.7		2.6
經營資產和負債的變動：
應收賬款，淨額		(233.2	)	(113.5	)		(26.8	)	7.4
存貨		(66.3	)	(36.2	)		1.4		(48.4	)
其他流動資產		5.9		(19.6	)		(19.8	)	(26.1	)
應付賬款		50.3		40.3			25.6		9.6
應計費用		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
經營活動提供的淨現金		927.8		890.5			386.9		296.9

來自投資活動的現金流量：
固定資產購買		(185.3	)	(166.3	)		(60.3	)	(59.4	)
固定資產出售收益		12.5		9.6			5.6		3.6
其他		(0.3	)	(0.3	)		(0.1	)	(0.1	)
投資活動使用的淨現金		(173.1	)	(157.0	)		(54.8	)	(55.9	)

來自融資活動的現金流量：
債務義務的收益		1,040.0		590.0			365.0		205.0
債務義務的支付		(1,045.0	)	(610.0	)		(400.0	)	(200.0	)
股票期權行使的收益		23.9		26.3			6.6		7.7
支付的現金股息		(751.6	)	(669.9	)		(252.5	)	(223.4	)
融資活動使用的淨現金		(732.7	)	(663.6	)		(280.9	)	(210.7	)

匯率變動對現金及現金等價物的影響		10.3		1.0			(0.9	)	6.4

現金及現金等價物的淨增加		32.3		70.9			50.3		36.7

期初現金及現金等價物		255.8		221.3			237.8		255.5
期末現金及現金等價物	$	288.1		292.2		$	288.1		292.2

補充信息：
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
以新經營租賃負債交換獲得的經營租賃使用權資產	$	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

會計經理

507.313.7324

Source: Fastenal Company

來源：Fastenal Company

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