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, US
Websitefastenal.com
Employee Ratings3.6
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2021)20,507
Job Openings1,592
Revenue (FY, 2021)$6 B(+7%)
Share Price (May 2022)$52.7
Cybersecurity ratingBMore
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Key People/Management at Fastenal

Daniel L. Florness

Daniel L. Florness

President and Chief Executive Officer, Director
William J. Drazkowski

William J. Drazkowski

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
John L. Soderberg

John L. Soderberg

Senior Executive Vice President - Information Technology
Jeffery M. Watts

Jeffery M. Watts

Executive Vice President - International Sales
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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 (23)

Fastenal Financials and Metrics

Fastenal Revenue

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View revenue for all periods
Fastenal's revenue was reported to be $6.01 b in FY, 2021 which is a 6.4% increase from the previous period.
USD

Revenue (FY, 2021)

6.0b

Revenue growth (FY, 2020 - FY, 2021), %

6.4%

Gross profit (FY, 2021)

2.8b

Gross profit margin (FY, 2021), %

46.2%

Net income (FY, 2021)

925.0m

EBIT (FY, 2021)

1.2b

Market capitalization (13-May-2022)

30.3b

Closing stock price (13-May-2022)

52.7

Cash (31-Dec-2021)

236.2m

EV

30.7b
Fastenal's current market capitalization is $30.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

5.0b5.3b5.6b6.0b

Revenue growth, %

13%7%6%6%

Cost of goods sold

2.6b2.8b3.1b3.2b

Gross profit

2.4b2.5b2.6b2.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

1.3b1.4b1.4b1.4b1.5b1.4b1.4b1.5b1.6b

Cost of goods sold

684.6m727.2m728.0m730.2m837.4m772.7m773.6m807.0m834.0m

Gross profit

624.7m641.2m651.1m636.8m671.6m640.6m643.4m700.7m720.2m

Gross profit Margin, %

48%47%47%47%45%45%45%46%46%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

174.9m245.7m236.2m

Accounts Receivable

741.8m769.4m900.2m

Inventories

1.4b1.3b1.5b

Current Assets

2.5b2.5b2.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

185.4m175.0m191.2m160.7m201.5m331.8m333.9m321.8m250.5m

Accounts Receivable

793.0m819.8m817.3m833.9m881.5m834.5m851.0m908.9m949.4m

Inventories

1.3b1.3b1.4b1.3b1.4b1.3b1.3b1.3b1.4b

Current Assets

2.4b2.5b2.5b2.5b2.6b2.6b2.6b2.7b2.8b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

790.9m859.1m925.0m

Depreciation and Amortization

148.7m162.4m170.7m

Inventories

(84.4m)36.0m(189.5m)

Accounts Payable

(800.0k)14.2m26.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

194.1m398.7m612.2m202.6m441.5m663.0m210.6m450.3m693.8m

Depreciation and Amortization

36.4m73.5m110.8m38.6m79.3m120.4m42.0m84.3m127.1m

Inventories

(13.5m)(64.3m)(76.9m)10.6m(40.8m)22.8m31.1m10.6m(66.5m)

Accounts Payable

(9.7m)10.2m21.6m19.3m1.3m17.6m8.1m29.1m49.9m
USDFY, 2018

Revenue/Employee

229.4k
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Fastenal Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021Q4, 2021

Active Onsite Locations

9451.03 k1.08 k1.11 k1.18 k1.21 k1.24 k1.27 k1.29 k1.32 k1.37 k1.42 k

Branch Locations

2.19 k2.17 k2.15 k2.11 k2.09 k2.06 k2.03 k2 k1.96 k1.92 k1.86 k1.79 k

Industrial Vending Devices Installed

83.41 k85.87 k88.33 k89.94 k92.12 k92.62 k94.4 k95.73 k

Industrial Vending Devices Signed

22.07 k5.6 k5.44 k5.67 k5.14 k21.86 k4.8 k3.48 k4.68 k3.46 k16.42 k

Fastenal Acquisitions / Subsidiaries

Company NameDateDeal Size
Apex Industrial TechnologiesMarch 30, 2020$125 m
Manufacturers SupplyMarch 31, 2017$57.9 m
Av-Tech IndustriesOctober 01, 2014
Holo-KromeDecember 18, 2009$5.03 b
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.
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Fastenal Revenue Breakdown

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Fastenal revenue breakdown by geographic segment: 42.7% from United States, 6.4% from Canada and Mexico, 49.0% from North America and 1.9% from Other

Fastenal Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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+

    67/100

  • CEO Rating

    B

    72/100

  • Compensation

    D-

    48/100

  • Diversity

    D+

    58/100

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Fastenal News and Updates

Fastenal added 140 employees in 2021, as workforce loss in U.S. offset by international increases

Fastenal Co. disclosed Monday that while its total workforce increased by 0.7% last year, but fell 1.6% in the U.S. The maker of fasteners, tools and manufacturing supplies said in its 10-K filing with the Securities and Exchange Commission that it had 20,507 full and part-time employees worldwide …

Thinking about trading options or stock in Tesla, Fastenal, Morgan Stanley, Futu Holdings, or Deere & Company?

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, FAST, MS, FUTU, and DE. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Momentum From Recent Rally To Drive Fastenal Stock Higher?

Fastenal Company stock (NASDAQ: FAST) has gained almost 6% in the past week and currently trades at $55 per share. Additionally, Fastenal, a supply chain solutions provider, has seen its stock gain more than 10% over the last six months, rising from $50...

Key Words: Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO

Fastenal CEO Lars Florness take on inflation has shifted to "brutally high" for the third quarter from "a ton of inflation going on."

Fastenal sales rise 10% but costs increase

Fastenal Co. said Tuesday its third-quarter net income rose to $243.5 million or 42 cents a share from $221.5 million or 38 cents a share, in the year-ago quarter. Sales increased by 10% to $1.55 billion. A survey of analysts by FactSet estimated earnings of 42 cents a share on sales of $1.54 billi…

Fastenal Posts Another Strong Month of Daily Sales in August

Fastenal reported its August sales results on Tuesday, showing a second-straight month of strong daily growth for the distributor after an underwhelming June and May.
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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, William J. Drazkowski and James C. Jansen.

  • How many employees does Fastenal have?

    Fastenal has 20,507 employees.

  • What is Fastenal revenue?

    Latest Fastenal annual revenue is $6 b.

  • What is Fastenal revenue per employee?

    Latest Fastenal revenue per employee is $293.1 k.

  • Who are Fastenal competitors?

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

  • 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 23 offices.