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:
- Source: Fastenal Company
- ---
- ---
- ---
- ---
- Source: Laser Photonics Corporation
- ---
Fastenal Company (Nasdaq:FAST) has scheduled a conference call on July 13, 2021, at 9:00 a.m. CT to discuss 2021 second-quarter results and ongoing operations. The call will be accessible via the Internet, with a presentation available at 6:00 a.m. CT on the same day, offering supplemental information on quarterly results. An online archive of the webcast will remain available until September 1, 2021. Fastenal provides a broad range of products and services, focusing on simplifying supply chain processes for customers across multiple regions.
Fastenal Company (Nasdaq:FAST) has declared a quarterly dividend of $0.28 per share, payable on May 25, 2021, to shareholders on record as of April 26, 2021. This marks the continuation of Fastenal's dividend payments, which began in 1991 and transitioned to quarterly payments in 2011. The company has also issued special one-time dividends in the past. Future dividends will rely on financial conditions and decisions made by the board, with an intention to maintain regular payments.
Fastenal Company (Nasdaq:FAST) has scheduled a conference call for April 13, 2021, at 9:00 a.m. CT to discuss its first quarter results and current operations. The call will be accessible via the Fastenal investor website, where a presentation with supplemental earnings information will be available at 6:00 a.m. on the same day. The webcast recording will be archived for access until June 1, 2021. Fastenal specializes in supply chain solutions, offering over nine product lines through 3,200+ locations across North America, Asia, Europe, and Latin America.
Fastenal Company (NASDAQ: FAST) reported its 2020 financial results, showing a 5.9% increase in net sales to $5,647.3 million. The fourth quarter saw a 6.4% rise in net sales compared to the previous year, driven by demand for safety and janitorial products. However, gross profit margin declined 130 basis points to 45.6%. Operating income increased 8.0% year-over-year, while net earnings rose 8.6% to $859.1 million. The company returned $803.4 million in dividends, including a special dividend, reflecting a positive financial outlook.
Fastenal Company (Nasdaq:FAST) has declared a dividend of $0.28 per share, payable on March 3, 2021, to shareholders of record by the close of business on February 3, 2021. This marks the continuation of its long-standing dividend policy that began in 1991, evolving from annual to semi-annual and now quarterly payments since 2011. The company aims to maintain this dividend frequency; however, future payments will depend on financial conditions and operational results. Since 2019, total dividends have increased steadily, with a significant payout history, including special dividends.
Fastenal Company (Nasdaq:FAST) has scheduled a conference call for January 20, 2021, at 9:00 a.m. CT to discuss its 2020 annual and fourth quarter results. The call will be streamed live and will include insights beyond the earnings announcement. Access to the call and presentation materials will be available on their investor relations site. Fastenal's supply chain solutions encompass a wide range of products delivered through over 3,200 locations, emphasizing customer service to drive growth.
Fastenal Company (NASDAQ: FAST) has declared a special one-time dividend of $0.40 per share, payable in cash on December 22, 2020, to shareholders of record as of December 2, 2020. This marks the continuation of Fastenal's dividend tradition, which began in 1991. In 2020, the total dividends paid amounted to $1.400 per share, including this special dividend. The board intends to maintain regular quarterly dividends, although future payments will depend on the financial health and other relevant factors.
Fastenal Company (NASDAQ: FAST) reported its Q3 2020 financial results, showing net sales of $1,413.3 million, a 2.5% increase compared to Q3 2019. Net earnings rose by 3.7% to $221.5 million, with a diluted EPS of $0.38. The company experienced a decline in gross profit margin to 45.3%, down from 47.2% year-over-year, primarily due to lower margins on COVID-related safety products. Operating income increased by 2.9% to $290.1 million. Despite challenges from a weak industrial marketplace, demand for safety products remained strong.
Fastenal Company (Nasdaq: FAST) declared a quarterly dividend of $0.25 per share, payable on November 24, 2020, to shareholders of record by October 27, 2020. This marks a continuation of their quarterly dividend payments since 2011. The company has consistently paid dividends since 1991, with increases over time, including a total of $573.7 million in dividend payments for 2020. Fastenal's board intends to maintain future dividends based on the company's financial health and other relevant factors.
Fastenal Company (Nasdaq: FAST) has scheduled its conference call for reviewing Q3 2020 results on October 13, 2020, at 9:00 a.m. CT. Access to the live call can be found on their investor website. Additionally, a presentation supplementing the earnings announcement will be available starting at 6:00 a.m. CT on the same day. An archive of the call will be accessible for one hour post-event, remaining available until December 1, 2020. Fastenal operates over 3,200 in-market locations, distributing a wide range of products.
FAQ
What is the current stock price of Fastenal Co (FAST)?
What is the market cap of Fastenal Co (FAST)?
What does Fastenal Co. do?
Where is Fastenal Co. headquartered?
How many locations does Fastenal Co. have?
What is the primary product category for Fastenal?
How does Fastenal support its customers?
What is Fastenal's business philosophy?
How many distribution centers does Fastenal have?
Who are Fastenal's customers?
When did Fastenal start diversifying its product offerings?
What types of supply-chain solutions does Fastenal offer?
