StocksUpdated•Originally published 16 April 2026•Updated 17 April 2026•
1 min read
Fastenal Q1 Sales Rise 12.4% Amid Tariff Pressures; Avnet Sets Earnings Date
Key Facts
1Fastenal (FAST) reported a 12.4% increase in daily sales for Q1 2026.
2Fastenal's gross margins were affected by tariff pressures and lagging pricing actions.
3Avnet (AVT) announced it will report its third-quarter fiscal year 2026 results on April 29, 2026.
Fastenal (FAST) reported its Q1 2026 financial results, with net sales reaching $2.20 billion and a 12.4% increase in daily sales. Diluted earnings per share (EPS) grew to $0.30 from $0.26 in the prior year, driven by robust customer acquisition and international expansion. The company generated a strong operating cash flow of $378.4 million and returned $295.7 million to shareholders through dividends and share repurchases. However, gross margins remained under pressure due to tariff-related costs and lagging pricing adjustments. Meanwhile, Avnet (AVT) has scheduled its third-quarter earnings release for April 29, 2026. Investors continue to monitor how industrial distributors navigate supply chain challenges and evolving trade policies.