About Fastenal Co (FAST)

Fastenal Co (FAST) is an American company engaged in the wholesale distribution of industrial, construction, and safety products. The company was founded in 1967 and is headquartered in Winona, Minnesota. Fastenal operates through a network of more than 2,700 stores located across the United States, Canada, Mexico, and Europe. The company primarily serves manufacturing and construction industries, providing a wide range of products including fasteners, tools, chemicals, and janitorial supplies. Fastenal also offers inventory management services and operates vending machines at customer locations. With a market capitalization of over $25 billion, Fastenal is a leading player in the industrial distribution sector.

Fastenal has a strong history of steady growth and profitability. The company has consistently delivered solid financial results, with steady revenue and earnings growth over the years. In its most recent fiscal year, Fastenal reported net sales of $5.3 billion, representing a year-over-year increase of 7.4%. The company's net income also grew by 9% to reach $751 million. Fastenal has been able to achieve this growth by focusing on its core strengths, such as its extensive store network, broad product offering, and commitment to customer service.