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Fastenal Co - FAST STOCK NEWS

Welcome to our dedicated page for Fastenal Co news (Ticker: FAST), a resource for investors and traders seeking the latest updates and insights on Fastenal Co stock.

Fastenal Co. (symbol: FAST) is a leading industrial supply company that has grown exponentially since its inception in 1967. Starting from a single store in Winona, Minnesota, Fastenal now operates nearly 2,700 locations globally. Each store delivers tailored local inventory and personal service, ensuring that customers receive the best possible support. The company prides itself on an entrepreneurial culture that empowers employees to run their own businesses, fostering leadership and innovation.

Fastenal serves approximately 400,000 active customers through a comprehensive network of around 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Initially focused on fasteners, this category remains its largest, contributing about 30%-35% of sales. Over the years, the company has diversified its product range, now offering OEM, MRO, and construction supplies, among other categories.

The company provides a variety of supply-chain solutions including vending services and vendor-managed inventory, enhancing operational efficiencies for its customers. Fastenal's decentralized approach allows store personnel the flexibility to source products, make emergency deliveries, and manage inventory with a lean flow, thus ensuring high levels of customer satisfaction.

Fastenal's global operations are supported by robust sourcing, quality, and logistics networks, making each store a local, one-stop solution for industrial needs. The company is committed to continual business improvement, leveraging its services, solutions, and specialist expertise to benefit its diverse clientele.

Latest News: Stay updated with the most recent developments and performance metrics of Fastenal by following the latest news below:

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News

Fastenal Releases 2024 Environmental, Social, and Governance (ESG) Report

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Fastenal Company (FAST) proudly releases its 2024 ESG Report, showcasing achievements in sustainability, workplace safety, and partnerships. The report reflects Fastenal's commitment to ESG goals, employee empowerment, and environmental stewardship.
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Fastenal Company Announces Conference Call to Review 2024 First Quarter Earnings

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Fastenal Company (FAST) schedules conference call to review 2024 first quarter results and current operations on April 11, 2024, at 9:00 a.m. central time. Presentation available at 6:00 a.m. on the same day, with webcast archive accessible until June 1, 2024.
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Fastenal Receives EcoVadis Silver Medal for Sustainability

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Fastenal (FAST) receives a silver medal from EcoVadis for its sustainability management system, ranking in the top 25% of all companies rated. The assessment highlights Fastenal's commitment to sustainability and responsible business practices, leading to increased business opportunities.
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Laser Photonics Corporation Enters Distribution Agreement With Fastenal Company for Its Industrial Laser Solutions

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Laser Photonics Corporation (LPC) has partnered with Fastenal Company (FAST) to distribute its industrial laser cleaning systems and other material applications. This collaboration aims to expand LPC's customer base and distributor network, providing cutting-edge industrial laser solutions to a broader audience. Fastenal's global distribution network and service model will enhance LPC's reach and product availability, creating a mutually beneficial partnership.
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Fastenal Company Reports 2023 Annual and Fourth Quarter Earnings

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Fastenal Company (Nasdaq:FAST) reported a 5.2% increase in net sales for the twelve-month period ending December 31, 2023, with a 3.7% increase for the fourth quarter of 2023. The company's operating income, earnings before income taxes, and net earnings all showed positive growth, with diluted net earnings per share increasing by 8.4% compared to the same period in 2022.
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Fastenal Company Announces Cash Dividend

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Fastenal Company (Nasdaq:FAST) has declared a dividend of $0.39 per share to be paid in cash on February 29, 2024, to shareholders of record at the close of business on February 1, 2024. The company began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to regular dividend payments, Fastenal has previously paid special one-time dividends. The board of directors currently intends to continue paying quarterly dividends, but all future determinations will depend upon the financial condition and results of operations of the company and other relevant factors. The company has paid or declared dividends as follows in 2024, 2023, and 2022: $0.39 in 2024, $1.78 in 2023, and $1.24 in 2022. The total dividends paid in the last ten years amount to $9.37 per share. Fastenal also has the authority to purchase up to 6,200,000 additional shares of its common stock under the July 12, 2022 authorization.
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Fastenal Company Announces Conference Call to Review 2023 Annual and Fourth Quarter Earnings

Rhea-AI Summary
Fastenal Company (FAST) has announced the date and time for its conference call to review 2023 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Thursday, January 18, 2024 at 9:00 a.m. central time. The conference call presentation will be available at 6:00 a.m., central time, on the day of the conference call, with an online archive of the webcast available until March 1, 2024.
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Fastenal Company Announces Cash Dividend

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Fastenal Company (Nasdaq:FAST) declared a special one-time dividend of $0.38 per share, to be paid on December 20, 2023. The company has a history of regular and special dividends and intends to continue paying quarterly dividends, depending on its financial condition. In 2023, it paid a total dividend of $1.78 per share, including regular and special dividends.
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Imperial Dade Appoints Terry Owen as Chief Operating Officer

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Imperial Dade, a leading distributor of foodservice packaging supplies, industrial products, and janitorial supplies, has appointed Terry Owen as Chief Operating Officer. Mr. Owen will focus on improving customer service and driving the execution of the company's business strategy. He will oversee safety, supply chain, logistics, warehouse operations, and fleet, as well as collaborate with cross-functional teams to enhance operations and streamline processes. Mr. Owen brings over 20 years of leadership experience in distribution, including his previous role as COO at Fastenal Company.
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Fastenal and the National Hockey League Announce Multiyear Global Partnership Extension

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Fastenal extends global partnership with the NHL, becoming the presenting sponsor of all NHL Global Series European games and NHL Saturday and NHL Sunday broadcasts.
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FAQ

What is the current stock price of Fastenal Co (FAST)?

The current stock price of Fastenal Co (FAST) is $78.23 as of November 1, 2024.

What is the market cap of Fastenal Co (FAST)?

The market cap of Fastenal Co (FAST) is approximately 44.9B.

What does Fastenal Co. do?

Fastenal Co. provides a wide range of industrial and construction supplies, including fasteners, OEM, and MRO products. They also offer supply-chain solutions such as vending and vendor-managed inventory.

Where is Fastenal Co. headquartered?

Fastenal Co. is headquartered in Winona, Minnesota.

How many locations does Fastenal Co. have?

Fastenal operates nearly 2,700 locations globally, including around 1,600 branches and over 1,800 on-site locations.

What is the primary product category for Fastenal?

Fasteners are the largest product category for Fastenal, accounting for about 30%-35% of its sales.

How does Fastenal support its customers?

Fastenal supports its customers by offering tailored local inventory, personal service, emergency deliveries, and supply-chain solutions like vending and vendor-managed inventory.

What is Fastenal's business philosophy?

Fastenal believes in empowering its employees to run their own businesses and become leaders, fostering an entrepreneurial culture.

How many distribution centers does Fastenal have?

Fastenal operates 15 distribution centers.

Who are Fastenal's customers?

Fastenal serves approximately 400,000 active customers across various industries.

When did Fastenal start diversifying its product offerings?

Fastenal began diversifying its product offerings in 1993.

What types of supply-chain solutions does Fastenal offer?

Fastenal offers supply-chain solutions such as vending services and vendor-managed inventory to enhance operational efficiencies for its customers.

Stock FAST logo
Fastenal Co

Nasdaq:FAST

FAST Rankings

#296 Ranked by Market Cap
#1411 Ranked by Dividends

FAST Stock Data

44.88B
572.89M
0.17%
84.87%
2.42%
Industrial Distribution
Retail-building Materials, Hardware, Garden Supply
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United States of America
WINONA