OverviewSuggest Edit
Fastenal is a business-to-business supply chain solutions company and a wholesale distributor of fasteners and related industrial and construction supplies. Its key products include threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. The company serves the manufacturing and non-residential construction markets, as well as farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
| Type | Public | |
| Founded | 1967 | |
| Website | fastenal.com | |
| Employee Ratings | More | |
| Overall Culture | C- | More |
Recent NewsAll News
- Daily Dividend Report: Conagra Brands, Fastenal, Baxter International, AON, Duke Energy
- Morgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high
- Fastenal Board Approves Special One-Time Dividend of 40 Cents a Share
- Fastenal Named the Official Maintenance, Repair and Operations Partner of the NHL
Key People/Management at Fastenal
Daniel L. Florness
President and Chief Executive Officer, Director
Willard D. Oberton
Chairman of the Board
William J. Drazkowski
Executive Vice President - Sales
Leland J. Hein
Senior Executive Vice President – Sales
James C. Jansen
Executive Vice President - Manufacturing
Holden Lewis
Executive Vice President and Chief Financial Officer
Fastenal Financials and Metrics
Fastenal Revenue
Fastenal's revenue was reported to be $5.65 b in FY, 2020
| USD | |
|---|---|
Net income (Q1, 2021) | 210.6m |
EBIT (Q1, 2021) | 280.3m |
Market capitalization (15-Jul-2021) | 30.6b |
Closing stock price (15-Jul-2021) | 53.5 |
Cash (31-Mar-2021) | 333.9m |
EV | 30.5b |
Fastenal's current market capitalization is $30.6 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2017 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.0b | 1.1b | 1.1b | 1.2b | 1.3b | 1.3b | 1.3b | 1.4b | 1.4b | 1.4b | |||
Cost of goods sold | 529.7m | 563.0m | 576.9m | 608.2m | 650.2m | 664.0m | 684.6m | 727.2m | 728.0m | 730.2m | 837.4m | 772.7m | 773.6m |
Gross profit | 518.0m | 558.5m | 555.9m | 577.6m | 617.7m | 615.8m | 624.7m | 641.2m | 651.1m | 640.6m | |||
Gross profit Margin, % | 49% | 50% | 49% | 49% | 49% | 48% | 48% | 47% | 47% | 45% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 134.3m | 115.1m | 133.4m | 137.1m | 135.5m | 129.7m | 185.4m | 175.0m | 191.2m | 160.7m | 201.5m | 331.8m | 333.9m |
Accounts Receivable | 574.7m | 613.5m | 632.1m | 688.6m | 733.7m | 772.5m | 793.0m | 819.8m | 817.3m | 833.9m | 881.5m | 834.5m | |
Inventories | 1.0b | 1.0b | 1.0b | 1.1b | 1.2b | 1.2b | 1.3b | 1.3b | 1.4b | 1.3b | 1.4b | 1.3b | 1.3b |
Current Assets | 1.8b | 1.9b | 1.9b | 2.1b | 2.1b | 2.2b | 2.4b | 2.5b | 2.5b | 2.5b | 2.6b | 2.6b | 2.6b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 134.2m | 283.1m | 426.2m | 174.3m | 385.5m | 583.1m | 194.1m | 398.7m | 612.2m | 202.6m | 441.5m | 210.6m | |
Depreciation and Amortization | 29.9m | 60.8m | 92.3m | 32.4m | 65.5m | 99.3m | 35.4m | 71.5m | 107.8m | 37.6m | 79.3m | 6.4m | 39.3m |
Inventories | 1.4m | (32.1m) | (31.2m) | (41.2m) | (75.0m) | (104.9m) | (13.5m) | (64.3m) | (76.9m) | 10.6m | (40.8m) | 22.8m | 31.1m |
Accounts Payable | 17.6m | 30.0m | 35.9m | 600.0k | 24.6m | 38.5m | (9.7m) | 10.2m | 21.6m | 19.3m | 1.3m | 17.6m | 8.1m |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 201.9k |
Debt/Equity | 0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | 1.4 x |
Fastenal Operating Metrics
| Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Active Onsite Locations | 605 | 894 | 945 | 1.03 k | 1.08 k | 1.11 k | ||||||||||||||
Branch Locations | 2.38 k | 2.23 k | 2.19 k | 2.17 k | 2.15 k | 2.11 k | ||||||||||||||
Industrial Vending Devices Installed | 56.89 k | 58.35 k | 60.4 k | 62.82 k | 64.43 k | 66.58 k | 69.06 k | 71.42 k | 73.56 k | 76.1 k | 78.71 k | 81.14 k | 83.41 k | 85.87 k | 88.33 k | 89.94 k | ||||
Industrial Vending Devices Signed | 4.65 k | 4.87 k | 4.78 k | 3.76 k | 18.06 k | 5.44 k | 4.88 k | 4.77 k | 4.27 k | 19.36 k | 5.68 k | 5.54 k | 5.88 k | 4.98 k | 22.07 k | 5.6 k | 5.44 k | 5.67 k | 5.14 k | 21.86 k |
Fastenal Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Manufacturers Supply Company | March 24, 2017 | |
| Av-Tech Industries Inc | October 01, 2014 | |
| FASTCO (Shanghai) Trading Co., Ltd. | ||
| Fastenal Air Fleet, LLC | ||
| Fastenal Asia Pacific Limited | ||
| Fastenal AT GmbH | ||
| Fastenal Brasil Importação, Exportação e Distribuição Ltda. | ||
| Fastenal Brasil Participacoes Ltda. | ||
| Fastenal Canada, Ltd. | ||
| Fastenal Chile SpA |
Fastenal Revenue Breakdown
Fastenal revenue breakdown by business segment: 17.9% from Safety Supplies, 7.8% from Janitorial Supplies, 6.8% from Hydraulics and Pneumatics, 5.7% from Cutting Tools, 9.9% from Tools, 34.2% from Fasteners, 5.9% from Material Handling and 11.8% from Other
Fastenal revenue breakdown by geographic segment: 85.7% from United States, 11.4% from Canada and 3.0% from Other
Fastenal Cybersecurity Score
Fastenal Environment, Social & Governance (ESG) Ratings
Fastenal Online and Social Media Presence
12.53k Twitter followers
Fastenal has 12.53k Twitter Followers. The number of followers has increased 0.1% month over month and decreased 0.1% quarter over quarter
Fastenal's Trends
Twitter Engagement Stats for @FastenalCompany
5.4k
Tweets
327
Following
12.5k
Followers
30
Tweets last 30 days
2.7
Avg. likes per Tweet
76.7%
Tweets with engagement
Fastenal Company Culture
Overall Culture
C-
61/100
CEO Rating
D
60/100
Compensation
D
50/100
Diversity
D
57/100
Fastenal News and Updates
July 13, 2021
Daily Dividend Report: Conagra Brands, Fastenal, Baxter International, AON, Duke Energy
The Company's new quarterly dividend payment of $0.3125 per share of Conagra common stock will be paid on September 2, 2021 to stockholders of record as of the close of business on August 3, 2021.
June 15, 2021
Morgan Stanley downgrades industrial stock Fastenal, citing valuation at an all-time high
The industrial supply stock has gained 8% since the start of 2021.
November 20, 2020
Fastenal Board Approves Special One-Time Dividend of 40 Cents a Share
Fastenal Co. said Friday its board has declared a special one-time dividend of 40 cents a share. The maker of fasteners and tools for industrial use said the dividend will be payable Dec. 22 to shareholders of record as of Dec. 2.
August 19, 2020
Fastenal Named the Official Maintenance, Repair and Operations Partner of the NHL
Fastenal Company (Nasdaq: FAST) and the National Hockey League (NHL®) today announced a multiyear global partnership, naming Fastenal the official Maintenance, Repair and Operations (MRO) partner of the NHL through the 2023-24 season. The partnership is focused on creating an efficient and reliable …
June 06, 2019
Fastenal Hits Industrial Vending Milestone: 100,000+ Active Devices
WINONA, Minn., June 06, 2019 (GLOBE NEWSWIRE) -- With the recent installation of three additional devices at the Pierce Manufacturing facility in Appleton, Wisconsin, Fastenal’s industrial vending program hit a major milestone: 100,000-plus active devices driving results at customer sites worldwid…
April 18, 2019
Fastenal Company Announces Two-For-One Stock Split
WINONA, Minn., April 18, 2019 (GLOBE NEWSWIRE) -- Fastenal Company (Nasdaq:FAST) announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock.
Fastenal Frequently Asked Questions
When was Fastenal founded?
Fastenal was founded in 1967.
Who are Fastenal key executives?
Fastenal's key executives are Daniel L. Florness, Willard D. Oberton and William J. Drazkowski.
How many employees does Fastenal have?
Fastenal has 20,365 employees.
What is Fastenal revenue?
Latest Fastenal annual revenue is $5.6 b.
What is Fastenal revenue per employee?
Latest Fastenal revenue per employee is $277.3 k.
Who are Fastenal competitors?
Competitors of Fastenal include Shanghai Prime Machinery, Applied Industrial Technologies and Wurth Group.
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