FASTENAL CO shareholders Q2 2023

About FASTENAL CO

Fastenal Co. is a company that specializes in the distribution of industrial and construction supplies. The company was founded in 1967 and is headquartered in Winona, Minnesota. Fastenal has a strong presence in the United States, with over 2,200 stores across the country. The company also has a growing international presence, with stores in Canada, Mexico, Europe, and Asia.

Fastenal's business model is based on providing customers with a wide range of products at competitive prices. The company's product offerings include fasteners, tools, safety supplies, and other industrial and construction supplies. Fastenal also offers a range of value-added services, such as inventory management and vending solutions, to help customers streamline their supply chain operations.

Fastenal has a strong track record of growth, with revenues increasing steadily over the past decade. The company's revenue for 2020 was $5.4 billion, up from $5.1 billion in 2019. Fastenal's net income for 2020 was $790 million, up from $758 million in 2019.

Despite the challenges posed by the COVID-19 pandemic, Fastenal has continued to perform well. The company's strong e-commerce capabilities have helped it to adapt to the changing business environment, and its focus on providing essential products to customers has helped it to weather the storm.

Overall, Fastenal Co. is a well-established company with a strong track record of growth and a solid business model. With its focus on providing customers with a wide range of products and value-added services, Fastenal is well-positioned to continue to grow and succeed in the years ahead.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.