Fastenal Company profile
About Fastenal Company
Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing (OEM), where its products are consumed in the final products of its customers, and manufacturing, repair, and operations (MRO), where its products are consumed to support the facilities and ongoing operations of its customers. The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Fastenal Company revenues increased 6% to $6.01B. Net income increased 8% to $925M. Revenues reflect Fasteners(2) segment increase of 19% to $2B, Hydraulics & pneumatics segment increase of 15% to $384.7M, United States segment increase of 4% to $5.03B, Canada and Mexico segment increase of 20% to $749M. Dividend per share increased from $1.00 to $1.12.
Equity composition
Common Stock $.005 Par, 5/11, 200M auth., 294,861,424 o/s., Insiders own 8.77%. Public Offering 10/88, 450K shares @ $19.75 by Robert W.Baird & Co. 11/05, 5/02, 3/95, 3/92, 2/90, 2-for-1 stock splits; 10/88, 3-for-2 stock split. *FY'00 & '01 summ. Q's are reclassified. 05/11, 2-for-1 stock split.
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