| Market Capitalization (Millions $) |
49,827 |
| Shares
Outstanding (Millions) |
1,150 |
| Employees |
23,201 |
| Revenues (TTM) (Millions $) |
7,610 |
| Net Income (TTM) (Millions $) |
1,152 |
| Cash Flow (TTM) (Millions $) |
-5 |
| Capital Exp. (TTM) (Millions $) |
231 |
Fastenal Co
Fastenal Company is a multinational retailer and wholesaler of industrial and construction supplies, founded in 1967 and incorporated in Minnesota in 1968. The company started with a focus on fasteners and has since expanded its product offerings to include a wide range of related items.
Business Model
Fastenal operates through a combination of wholesale and retail channels. Its business model emphasizes local responsiveness, with each store having the flexibility to adapt its inventory based on regional market demands. While Fastenal maintains a broad selection of base stock, local store and district managers tailor product selections to better serve their communities.
Product Offerings
The companys product range initially centered on fasteners but has diversified significantly over the years. The fastener product line is divided into two main categories:
1. Threaded Fasteners: This includes bolts, nuts, screws, studs, and related washers. These products are vital for various manufacturing processes and construction projects.
2. Miscellaneous Supplies: This category encompasses a wide array of items, including paints, machine keys, concrete anchors, batteries, sealants, metal framing systems, wire rope, strut, private-label anchors, rivets, and various accessories.
The threaded fastener market features consistent demand across different regions, with local variations driven by industry types and environmental conditions. This understanding allows Fastenal to equip its stores with relevant inventory that caters to the specific needs of each local market.
Supply Chain
Fastenal distributes approximately 825,000 standard stock items sourced from a vast network of suppliers. Most items can be procured from multiple suppliers, although the company may favor preferred sources for certain items to ensure quality control.
Competition
The competitive landscape for Fastenal is robust, involving both large distributors situated mainly in urban centers and smaller players in various locales. Key competitive factors in this market include customer service quality and convenience for the end-user.
In summary, Fastenal Company has evolved from its origins in fasteners to become a comprehensive supplier of industrial and construction products, leveraging local market insights to tailor inventory and enhance customer service in an increasingly competitive environment.
Company Address: 2001 Theurer Boulevard Winona 55987 MN
Company Phone Number: 454-5374 Stock Exchange / Ticker: NASDAQ FAST
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