Fastenal
- Revenue$6 BFY, 2021
- Market Capitalization$30.3 B2022-05-13
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 | |
| HQ | Winona, MN, US | Map |
| Website | fastenal.com | |
| Employee Ratings | ||
| Overall Culture | C+ | More |
Recent NewsAll News
- Fastenal added 140 employees in 2021, as workforce loss in U.S. offset by international increases
- Thinking about trading options or stock in Tesla, Fastenal, Morgan Stanley, Futu Holdings, or Deere & Company?
- Momentum From Recent Rally To Drive Fastenal Stock Higher?
- Key Words: Inflation has shifted to ‘brutally high’ from ‘massive’ in three months, according to Fastenal CEO
Key People/Management at Fastenal
Daniel L. Florness
President and Chief Executive Officer, Director
William J. Drazkowski
Executive Vice President - Sales
James C. Jansen
Executive Vice President - Manufacturing
Holden Lewis
Executive Vice President and Chief Financial Officer
John L. Soderberg
Senior Executive Vice President - Information Technology
Jeffery M. Watts
Executive Vice President - International Sales
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
Fastenal Financials and Metrics
Fastenal Revenue
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
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.3b | 1.4b | 1.4b | 1.4b | 1.5b | 1.4b | 1.4b | 1.5b | 1.6b |
Cost of goods sold | 684.6m | 727.2m | 728.0m | 730.2m | 837.4m | 772.7m | 773.6m | 807.0m | 834.0m |
Gross profit | 624.7m | 641.2m | 651.1m | 636.8m | 671.6m | 640.6m | 643.4m | 700.7m | 720.2m |
Gross profit Margin, % | 48% | 47% | 47% | 47% | 45% | 45% | 45% | 46% | 46% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 185.4m | 175.0m | 191.2m | 160.7m | 201.5m | 331.8m | 333.9m | 321.8m | 250.5m |
Accounts Receivable | 793.0m | 819.8m | 817.3m | 833.9m | 881.5m | 834.5m | 851.0m | 908.9m | 949.4m |
Inventories | 1.3b | 1.3b | 1.4b | 1.3b | 1.4b | 1.3b | 1.3b | 1.3b | 1.4b |
Current Assets | 2.4b | 2.5b | 2.5b | 2.5b | 2.6b | 2.6b | 2.6b | 2.7b | 2.8b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 194.1m | 398.7m | 612.2m | 202.6m | 441.5m | 663.0m | 210.6m | 450.3m | 693.8m |
Depreciation and Amortization | 36.4m | 73.5m | 110.8m | 38.6m | 79.3m | 120.4m | 42.0m | 84.3m | 127.1m |
Inventories | (13.5m) | (64.3m) | (76.9m) | 10.6m | (40.8m) | 22.8m | 31.1m | 10.6m | (66.5m) |
Accounts Payable | (9.7m) | 10.2m | 21.6m | 19.3m | 1.3m | 17.6m | 8.1m | 29.1m | 49.9m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 229.4k |
Fastenal Operating Metrics
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q4, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q4, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Active Onsite Locations | 945 | 1.03 k | 1.08 k | 1.11 k | 1.18 k | 1.21 k | 1.24 k | 1.27 k | 1.29 k | 1.32 k | 1.37 k | 1.42 k | |||
Branch Locations | 2.19 k | 2.17 k | 2.15 k | 2.11 k | 2.09 k | 2.06 k | 2.03 k | 2 k | 1.96 k | 1.92 k | 1.86 k | 1.79 k | |||
Industrial Vending Devices Installed | 83.41 k | 85.87 k | 88.33 k | 89.94 k | 92.12 k | 92.62 k | 94.4 k | 95.73 k | |||||||
Industrial Vending Devices Signed | 22.07 k | 5.6 k | 5.44 k | 5.67 k | 5.14 k | 21.86 k | 4.8 k | 3.48 k | 4.68 k | 3.46 k | 16.42 k |
Fastenal Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Apex Industrial Technologies | March 30, 2020 | $125 m |
| Manufacturers Supply | March 31, 2017 | $57.9 m |
| Av-Tech Industries | October 01, 2014 | |
| Holo-Krome | December 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. |
Fastenal Revenue Breakdown
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
Fastenal Environment, Social & Governance (ESG) Ratings
Fastenal Online and Social Media Presence
12.85k Twitter followers
Fastenal has 12.85k Twitter Followers. The number of followers has increased 0.7% month over month and increased 1.2% quarter over quarter
Fastenal's Trends
Twitter Engagement Stats for @FastenalCompany
5.6k
Tweets
319
Following
12.9k
Followers
24
Tweets last 30 days
2
Avg. likes per Tweet
91.7%
Tweets with engagement
Fastenal Company Culture
Overall Culture
C+
67/100
CEO Rating
B
72/100
Compensation
D-
48/100
Diversity
D+
58/100
Fastenal News and Updates
February 07, 2022
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 …
January 19, 2022
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...
October 18, 2021
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...
October 13, 2021
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."
October 12, 2021
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…
September 07, 2021
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.
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.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies