Barclays Reviews Fastenal (FAST) as Lower Pricing Weighs on Results

On January 21, Barclays lowered its terms people connected Fastenal Company (NASDAQ:FAST) to $43 from $44 and kept an Equal Weight standing pursuing the company’s fourth-quarter results. The steadfast said Fastenal is inactive seeing measurement growth, but overmuch of that is being driven by little pricing, which is weighing connected wide performance.

A time earlier, connected January 20, Fastenal reported fourth-quarter gross that came successful somewhat beneath Wall Street expectations. The institution said higher tariffs pushed prices up and softened request for immoderate of its products. Strong income to declaration customers helped, but that spot was partially offset by weaker wide concern activity. Gains successful proscription and information halfway extremity markets were besides balanced retired by softer request from resellers.

Revenue for the 4th totaled $2.03 billion, conscionable nether the $2.04 cardinal analysts were expecting, according to information from LSEG. Earnings held up better, with nett of 26 cents per share, matching estimates. Looking ahead, Fastenal said it plans to measurement up spending connected spot and equipment, projecting investments of $310 cardinal to $330 cardinal successful 2026, up from $230.6 cardinal successful 2025. The institution expects higher costs arsenic it replaces its Atlanta hub facility, faces rising trucking expenses, and increases IT spending tied to task delays.

Fastenal Company (NASDAQ:FAST) is simply a wholesale distributor of concern and operation supplies, with a halfway absorption connected threaded fasteners.

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Disclosure: None.