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.
TypePublic
Founded1967
Websitefastenal.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)20,365(-7%)
Job Openings1,436
Revenue (FY, 2020)$5.6 B(+6%)
Share Price (Jul 2021)$53.5
Cybersecurity ratingAMore

Key People/Management at Fastenal

Daniel L. Florness

Daniel L. Florness

President and Chief Executive Officer, Director
Willard D. Oberton

Willard D. Oberton

Chairman of the Board
William J. Drazkowski

William J. Drazkowski

Executive Vice President - Sales
Leland J. Hein

Leland J. Hein

Senior Executive Vice President – Sales
James C. Jansen

James C. Jansen

Executive Vice President - Manufacturing
Holden Lewis

Holden Lewis

Executive Vice President and Chief Financial Officer
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Fastenal Financials and Metrics

Fastenal Revenue

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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
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.0b4.4b5.0b5.3b5.6b

Revenue growth, %

2%11%13%7%

Cost of goods sold

2.0b2.2b2.6b2.8b3.1b

Gross profit

2.0b2.2b2.4b2.5b2.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.0b1.1b1.1b1.2b1.3b1.3b1.3b1.4b1.4b1.4b

Cost of goods sold

529.7m563.0m576.9m608.2m650.2m664.0m684.6m727.2m728.0m730.2m837.4m772.7m773.6m

Gross profit

518.0m558.5m555.9m577.6m617.7m615.8m624.7m641.2m651.1m640.6m

Gross profit Margin, %

49%50%49%49%49%48%48%47%47%45%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

112.7m116.9m167.2m174.9m245.7m

Accounts Receivable

499.7m607.8m714.3m741.8m769.4m

Inventories

993.0m1.1b1.3b1.4b1.3b

Current Assets

1.7b1.9b2.3b2.5b2.5b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

499.4m578.6m751.9m790.9m859.1m

Depreciation and Amortization

103.5m123.6m134.1m144.6m162.4m

Inventories

(80.9m)(76.3m)(193.3m)(84.4m)

Accounts Payable

(17.2m)36.3m46.1m(800.0k)14.2m
USDFY, 2016

Revenue/Employee

201.9k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
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Fastenal Operating Metrics

Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Active Onsite Locations

6058949451.03 k1.08 k1.11 k

Branch Locations

2.38 k2.23 k2.19 k2.17 k2.15 k2.11 k

Industrial Vending Devices Installed

56.89 k58.35 k60.4 k62.82 k64.43 k66.58 k69.06 k71.42 k73.56 k76.1 k78.71 k81.14 k83.41 k85.87 k88.33 k89.94 k

Industrial Vending Devices Signed

4.65 k4.87 k4.78 k3.76 k18.06 k5.44 k4.88 k4.77 k4.27 k19.36 k5.68 k5.54 k5.88 k4.98 k22.07 k5.6 k5.44 k5.67 k5.14 k21.86 k
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Fastenal Acquisitions / Subsidiaries

Company NameDateDeal Size
Manufacturers Supply CompanyMarch 24, 2017
Av-Tech Industries IncOctober 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
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Fastenal Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Fastenal Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Fastenal Online and Social Media Presence

Embed Graph

Fastenal Company Culture

  • Overall Culture

    C-

    61/100

  • CEO Rating

    D

    60/100

  • Compensation

    D

    50/100

  • Diversity

    D

    57/100

Learn more on Comparably

Fastenal News and Updates

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.

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.

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.

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 …

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…

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.
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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.