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Last $38.33 USD
Change Today +0.88 / 2.35%
Volume 2.3M
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

fastenal co (FAST) Snapshot

Open
$38.07
Previous Close
$37.45
Day High
$38.52
Day Low
$37.95
52 Week High
12/30/14 - $48.43
52 Week Low
08/24/15 - $36.73
Market Cap
11.1B
Average Volume 10 Days
3.5M
EPS TTM
$1.76
Shares Outstanding
290.2M
EX-Date
07/24/15
P/E TM
21.8x
Dividend
$1.12
Dividend Yield
2.84%
Current Stock Chart for FASTENAL CO (FAST)

fastenal co (FAST) Related Businessweek News

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fastenal co (FAST) Details

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Its fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures. The company also offers miscellaneous supplies and hardware, including various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. It serves the manufacturing market comprising original equipment manufacturers, and maintenance and repair operations; and non-residential construction market, which include general, electrical, plumbing, sheet metal, and road contractors. The company also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company distributes its products through a network of approximately 2,700 company owned stores. The company was founded in 1967 and is headquartered in Winona, Minnesota.

19,527 Employees
Last Reported Date: 07/17/15
Founded in 1967

fastenal co (FAST) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $570.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $390.0K
Chief Operating Officer and Director
Total Annual Compensation: $480.0K
Executive Vice President of Sales
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

fastenal co (FAST) Key Developments

Fastenal Company Announces Sales Results for the Month of June 2015

Fastenal Company announced sales results for the month of June 2015. For the month, the company reported net sales of $349 million, an 8.6% increase, compared to $321.25 million for June 2014. Daily sales for June 2015 were $15.86 million, a 3.7% increase, compared to $15.30 million for June 2014.

Fastenal Company Announces Executive Changes

On July 20, 2015, the Board of Directors of Fastenal Company, Mr. Leland Hein and Mr. Willard Oberton agreed that Mr. Hein will step down as president and chief executive officer of the company, that Mr. Hein will assume the role of chief operating officer of the company, and that Mr. Oberton will re-assume the role of president and chief executive officer of the company, in each case effective July 20, 2015 (the effective date). Mr. Oberton will continue to serve as chairman of the board of the company and Mr. Hein will continue to be a director of the company. In his new position, Mr. Hein will take on the important responsibilities of heading the company's operations and sales areas of the company where he is a proven leader. Financial, information technology, and human resource areas of the company will be reporting to Mr. Oberton. Mr. Oberton served as the company's chief executive officer from December 2002 to December 2014. He also served as the company's president from July 2001 to July 2012, when he relinquished that position. Mr. Oberton has also served as one of the company's directors since 1999 and as chairman of the board of the company since April 2014. Mr. Oberton's term of office as president and chief executive officer of the company will expire concurrently with the expiration of the term of office of the company's other executive officers. Mr. Hein served as an executive vice president - sales of the company from November 2007 to July 2012, as president of the company from July 2012 to the effective date, and as chief executive officer of the company from January 2015 to the effective date. Mr. Hein's responsibilities as an executive vice president - sales included sales and operational oversight over a substantial portion of the company's business. Mr. Hein has also served as one of the company's directors since 2014.

Fastenal Co Appoints Eastman as Member of Audit Committee

Fastenal Co appointed Mr. Eastman to serve as a member of the Audit Committee of the company for a term ending on the last day of the term of the other members of the Audit Committee or until his successor is duly appointed and qualified.

 

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Industry Analysis

FAST

Industry Average

Valuation FAST Industry Range
Price/Earnings 21.3x
Price/Sales 2.8x
Price/Book 6.2x
Price/Cash Flow 20.9x
TEV/Sales 2.7x
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