Spin-off - FASTENAL CO

Form Type: 10-Q

Filing Date: 2025-07-17

Corporate Action: Spin-off

Type: New

Accession Number: 000081555625000106

Filing Summary: For the quarterly period ended June 30, 2025, Fastenal Company reports significant financial growth, with net sales increasing to $4,039.7 million from $3,811.3 million in the previous year. The cost of sales for the same period was reported at $2,213.0 million, leading to a gross profit of $1,826.7 million. Operating income for the first half of 2025 stood at $830.0 million, reflecting healthier profit margins compared to $777.1 million in 2024. Notably, net income reached $628.9 million, indicating an increase from $590.4 million year-over-year. This translates to basic and diluted earnings per share of $0.55, an improvement from $0.52 in the prior year. Additionally, a significant corporate action occurred with a two-for-one stock split announced on April 23, 2025, impacting the common stock landscape.