Fastenal

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
HQWinona, MN, USMap
Websitefastenal.com
Employee Ratings3.5More
Overall CultureC-More
View Jobs (1)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)21,948(+2%)
Job Openings1
Revenue (FY, 2019)$5.3 B(+8%)
Share Price (Jan 2021)$50.8 (+3%)
Cybersecurity ratingBMore

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 Office Locations

Fastenal has offices in Winona, Akron, Atlanta, Denton and in 18 other locations
Winona, MN, US (HQ)
2001 Theurer Blvd
Akron, OH, US
940 W Wilbeth Rd
Atlanta, GA, US
6445 Fulton Industrial Blvd SW
Denton, TX, US
3833 Airport Rd
Edwardsville, KS, US
9911 Woodend Rd
High Point, NC, US
4110 Premier Dr #102
Show all (22)

Fastenal Financials and Metrics

Fastenal Revenue

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Fastenal's revenue was reported to be $5.33 b in FY, 2019 which is a 7.4% increase from the previous period.
USD

Revenue (Q3, 2020)

1.4b

Gross profit (Q3, 2020)

640.6m

Gross profit margin (Q3, 2020), %

45.3%

Net income (Q3, 2020)

221.5m

EBIT (Q3, 2020)

290.1m

Market capitalization (8-Jan-2021)

29.1b

Closing stock price (8-Jan-2021)

50.8

Cash (30-Sept-2020)

331.8m

EV

29.0b
Fastenal's current market capitalization is $29.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.0b4.4b5.0b5.3b

Revenue growth, %

2%11%13%7%

Cost of goods sold

2.0b2.2b2.6b2.8b

Gross profit

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

Revenue

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

Cost of goods sold

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

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%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

112.7m116.9m167.2m174.9m

Accounts Receivable

499.7m607.8m714.3m741.8m

Inventories

993.0m1.1b1.3b1.4b

Current Assets

1.7b1.9b2.3b2.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

134.3m115.1m133.4m137.1m135.5m129.7m185.4m175.0m191.2m160.7m201.5m331.8m

Accounts Receivable

574.7m613.5m632.1m688.6m733.7m772.5m793.0m819.8m817.3m833.9m881.5m834.5m

Inventories

1.0b1.0b1.0b1.1b1.2b1.2b1.3b1.3b1.4b1.3b1.4b1.3b

Current Assets

1.8b1.9b1.9b2.1b2.1b2.2b2.4b2.5b2.5b2.5b2.6b2.6b
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

499.4m578.6m751.9m790.9m

Depreciation and Amortization

103.5m123.6m134.1m144.6m

Inventories

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

Accounts Payable

(17.2m)36.3m46.1m(800.0k)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

134.2m283.1m426.2m174.3m385.5m583.1m194.1m398.7m612.2m202.6m441.5m

Depreciation and Amortization

29.9m60.8m92.3m32.4m65.5m99.3m35.4m71.5m107.8m37.6m79.3m6.4m

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

Accounts Payable

17.6m30.0m35.9m600.0k24.6m38.5m(9.7m)10.2m21.6m19.3m1.3m17.6m
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USDFY, 2016

Revenue/Employee

201.9k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
Show all financial metrics

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

605 894 945 1.03 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 k60.40 k62.82 k64.43 k66.58 k69.06 k71.42 k73.56 k76.10 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 k5.60 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

B

89/100

Learn more about our premium products
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Fastenal Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
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Fastenal Online and Social Media Presence

Fastenal's Trends

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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

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. Shares were slightly higher premarket, and have gained 30% in the ye…
January 17, 2020

Fastenal shares fall premarket after sales fall short of estimates

Fastenal Inc. shares slid 3.9% in premarket trade Friday, after the provider of industrial and construction supplies posted weaker-than-expected sales for the fourth quarter. Winona, Minn.-based Fastenal said it had net income of $178.7 million, or 31 cents a share, in the quarter, up from $168.8 m…
January 16, 2020

Fastenal raises dividend to 25 cents a share

Industrial supplier Fastenal Co. said late Thursday its board of directors approved a dividend of 25 cents a share, from 22 cents a share in the fourth quarter. The dividend is payable on Feb. 28 to shareholders of record on Jan. 31, the company said. Shares of Fastenal rose 0.5% in the extended se…
October 14, 2019

Thinking about buying stock in Aurora Cannabis, Fastenal, Roku, Synthesis Energy Systems, or Schlumberger?

NEW YORK, Oct. 14, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, FAST, ROKU, SES, and SLB. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
October 11, 2019

Daily Dividend Report: Parkland Fuel, Eaton Vance, United Technologies, Ford And Fastenal

Daily Dividend Report
July 11, 2019

Stocks making the biggest moves midday: Fastenal, Weight Watchers, Snap and more

Names on the move ahead of the open.
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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 21,948 employees.

  • What is Fastenal revenue?

    Latest Fastenal annual revenue is $5.3 b.

  • What is Fastenal revenue per employee?

    Latest Fastenal revenue per employee is $243 k.

  • Who are Fastenal competitors?

    Competitors of Fastenal include Shanghai Prime Machinery, Applied Industrial Technologies and Wurth Group.

  • Where is Fastenal headquarters?

    Fastenal headquarters is located at 2001 Theurer Blvd, Winona.

  • Where are Fastenal offices?

    Fastenal has offices in Winona, Akron, Atlanta, Denton and in 18 other locations.

  • How many offices does Fastenal have?

    Fastenal has 22 offices.