FASTENAL CO

Fastenal Company (NASDAQ: FAST) operates as a broad-line distributor of industrial and construction supplies through an integrated physical and digital platform. Founded in 1967 and headquartered in Winona, Minnesota, the company has evolved from its origins as a fastener distributor into a comprehensive supplier serving manufacturing, construction, and other industrial end markets across 25 countries.

The company operates 1,595 branch locations globally, supported by 15 regional distribution centers in North America, two in Asia, and two in Europe, totaling approximately 5.3 million square feet of distribution capacity. Fastenal employs 24,489 people, with approximately 70 percent in selling roles. The company serves approximately 250,845 unique customer sites annually, with particular focus on locations with monthly sales potential of $50,000 or more.

Fastenal's product portfolio spans nine major lines, with fasteners representing 30.5 percent of consolidated sales and non-fastener products comprising 69.5 percent. Safety supplies constitute the largest non-fastener category at 22.2 percent of sales. The company markets products under the Fastenal brand name and exclusive brands including Body Guard for safety supplies and ORMADUS for other product offerings, which together represent approximately 11 percent of consolidated sales.

The company's competitive advantages center on its Fastenal Managed Inventory technology suite, which includes industrial vending devices (FASTVend), bin stock solutions (FASTStock and FASTBin), and digital capabilities. As of year-end 2025, approximately 124,000 FASTVend devices operated in the field. The company's digital footprint, encompassing FMI sales and non-FMI eBusiness sales, represented 61.4 percent of total sales. Approximately 74 percent of consolidated sales were subject to contractual agreements, with national accounts representing 65 percent of sales.

The company maintains a diversified customer base across manufacturing, construction, reseller, transportation, and government sectors. Fastenal manufactures approximately four percent of products distributed, with the remainder sourced from external suppliers, primarily concentrated in Asia. The company operates its own fleet of approximately 590 Class 6, 7, and 8 trucks for distribution center-to-branch transportation and approximately 9,200 pickup and box trucks for last-mile delivery. Website: www.fastenal.com