Fastenal

OverviewSuggest Edit

Fastenal is a company that provides businesses with fasteners, tools, and supplies they need to manufacture products, build structures, maintain facilities and equipment. The Company offers fasteners and other industrial and construction supplies, as well as sells various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. Fastenal serves the manufacturing and non-residential construction market.

TypePublic
Founded1967
HQWinona, USMap
Websitefastenal.com
Employee Ratings3.3More
View Jobs (829)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)21,644(+6%)
Job Openings829
Revenue (FY, 2018)$5 B(+14%)
Share Price (Nov 2019)$36.3

Key People/Management at Fastenal

Daniel Florness

Daniel Florness

President and Chief Executive Officer
Charles S. Miller

Charles S. Miller

Executive Vice President - Sales
William Drazkowski

William Drazkowski

Executive Vice President - National Accounts Sales
Leland Hein

Leland 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, Gerasdorf, Sorocaba, Acheson and in 56 other locations
Winona, US (HQ)
2001 Theurer Blvd
Gerasdorf, AT
Holz Steiner-Straße 6
Sorocaba, BR
Av. Quinze de Agosto, 5260 - Jardim Leocadia
Acheson, CA
25791 114 Ave #128
Airdrie, CA
118 East Lake Blvd NE Unit 101
Calgary, CA
5200 64 Ave SE
Show all (63)

Fastenal Financials and Metrics

Fastenal Revenue

Embed Graph
View revenue for all periods
Fastenal's revenue was reported to be $4.97 b in FY, 2018 which is a 13.1% increase from the previous period.
USD

Revenue (Q3, 2019)

1.4b

Net income (Q3, 2019)

213.5m

EBIT (Q3, 2019)

281.9m

Market capitalization (15-Nov-2019)

20.8b

Closing stock price (15-Nov-2019)

36.3

Cash (30-Sep-2019)

191.2m

EV

21.1b
Fastenal's current market capitalization is $20.8 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Revenue

2.3b2.8b3.1b4.0b4.4b5.0b

Revenue growth, %

2%11%13%

Cost of goods sold

1.1b1.3b1.5b2.0b2.2b2.6b

Gross profit

1.2b1.4b1.6b2.0b2.2b2.4b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

520.8m571.2m603.8m640.6m726.7m768.9m804.9m802.6m806.3m847.6m1.0b1.1b1.1b1.2b1.3b1.3b1.3b1.4b1.4b

Cost of goods sold

254.9m273.5m291.1m307.2m349.4m374.7m389.7m388.2m384.4m404.9m529.7m563.0m576.9m608.2m650.2m664.0m684.6m727.2m

Gross profit

265.9m297.7m312.6m333.4m377.4m394.2m415.2m414.4m421.9m442.7m518.0m558.5m555.9m577.6m617.7m615.8m624.7m641.2m

Gross profit Margin, %

51%52%52%52%52%51%52%52%52%52%49%50%49%49%49%48%48%47%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Cash

143.7m117.7m79.6m112.7m116.9m167.2m

Accounts Receivable

270.1m338.6m372.2m499.7m607.8m714.3m

Prepaid Expenses

70.5m89.8m97.4m

Inventories

557.4m646.2m715.4m993.0m1.1b1.3b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

178.8m196.4m172.6m124.8m89.4m111.0m198.9m185.9m195.6m159.2m122.9m134.3m115.1m133.4m137.1m135.5m129.7m185.4m175.0m191.2m

Accounts Receivable

262.5m280.8m301.7m325.7m357.2m361.1m386.9m400.0m411.0m418.7m436.5m574.7m613.5m632.1m688.6m733.7m772.5m793.0m819.8m817.3m

Prepaid Expenses

43.3m49.8m57.1m61.8m72.9m84.4m74.3m88.6m100.1m83.9m105.9m137.2m

Inventories

507.2m522.2m546.1m576.5m608.7m618.1m647.9m662.7m675.8m700.5m725.1m1.0b1.0b1.0b1.1b1.2b1.2b1.3b1.3b1.4b
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Net Income

265.4m357.9m420.5m499.4m578.6m751.9m

Depreciation and Amortization

40.7m44.1m53.5m103.5m123.6m134.1m

Inventories

(49.0m)(88.8m)(69.2m)(80.9m)(76.3m)(193.3m)

Accounts Payable

7.0m13.3m4.2m(17.2m)36.3m46.1m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

56.0m125.2m200.2m79.5m173.7m270.5m100.2m212.5m321.8m109.0m230.1m134.2m283.1m426.2m174.3m385.5m583.1m194.1m398.7m612.2m

Depreciation and Amortization

10.3m20.4m30.4m10.5m21.4m32.4m12.4m25.7m39.2m15.2m31.0m29.9m60.8m92.3m32.4m65.5m99.3m35.4m71.5m107.8m

Inventories

1.2m13.8m37.7m(19.1m)(51.3m)(60.8m)(1.7m)(16.5m)(29.7m)14.9m(9.7m)1.4m(32.1m)(31.2m)(41.2m)(75.0m)(104.9m)(13.5m)(64.3m)(76.9m)

Accounts Payable

12.3m17.9m20.1m8.0m22.6m26.4m2.3m7.5m11.1m(2.7m)11.7m17.6m30.0m35.9m600.0k24.6m38.5m(9.7m)10.2m21.6m
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USDY, 2019

EV/EBIT

74.8 x

EV/CFO

35.7 x

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 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, 2019

Active Onsite Locations

605 894 945 1.03 k

Branch Locations

2.38 k2.23 k2.19 k2.17 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 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 k
Show all operating metrics

Fastenal Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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

Embed Graph

Fastenal revenue breakdown by business segment: 34.9% from Fasteners, 10.0% from Tools, 5.7% from Cutting Tools, 6.8% from Hydraulics and Pneumatics, 5.8% from Material Handling, 7.6% from Janitorial Supplies, 17.2% from Safety Supplies and 12.0% from Other

Fastenal revenue breakdown by geographic segment: 12.0% from Other Foreign Countries and 88.0% from United States

Fastenal Online and Social Media Presence

Fastenal's Trends

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Fastenal News and Updates

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.
July 11, 2019

Stocks making the biggest moves premarket: Delta Air Lines, Snap, Comerica, Fastenal & more

Names on the move ahead of the open.
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.
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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 Florness, Charles S. Miller and William Drazkowski.

  • How many employees does Fastenal have?

    Fastenal has 21,644 employees.

  • What is Fastenal revenue?

    Latest Fastenal annual revenue is $5 b.

  • What is Fastenal revenue per employee?

    Latest Fastenal revenue per employee is $229.4 k.

  • Who are Fastenal competitors?

    Competitors of Fastenal include W.W. Grainger, MISUMI Group and DXP Enterprises.

  • Where is Fastenal headquarters?

    Fastenal headquarters is located at 2001 Theurer Blvd, Winona.

  • Where are Fastenal offices?

    Fastenal has offices in Winona, Gerasdorf, Sorocaba, Acheson and in 56 other locations.

  • How many offices does Fastenal have?

    Fastenal has 63 offices.