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Fastenal Company is an American publicly traded company based in Winona, Minnesota, founded in 1967. It placed 479 in the 2021 Fortune 500 based on its 2020 revenues, [ 2 ] and its stock is a component of the Nasdaq 100 and S&P 500 stock market indices.
In the recent past, the company has been increasing its store count by 14% each year. However, thanks to the vending machine expansions, the company need to add just 5% more, 122 new stores, in 2011.
Fastenal Company (NASDAQ:FAST) is a wholesale distributor of building and construction supplies: bolts, screws, nuts, anchors, washers, sockets … you name it. According to its website, Fastenal ...
Fastenal Company (NASDAQ:FAST) shares are trading higher after the company reported better-than-expected third-quarter results. Fastenal reported sales growth of 3.5% year-over-year to $1.910 ...
Fastenal Company and Grainger, two industrial suppliers, also saw surges in PPE sales. The AP's data includes $99 million in personal protective equipment sales to 32 states by Fastenal, and $50 million in protective equipment sales to 40 states by Grainger, which said its profits on those sales were affected by increased freight costs and ...
The industry is strongly tied to the production of automobiles, aircraft, appliances, agricultural machinery, commercial construction, and infrastructure. More than 200 billion fasteners are used per year in the U.S., 26 billion of these by the automotive industry. The largest distributor of fasteners in North America is the Fastenal Company. [3]
Fastenal's (FAST) Q3 results are likely to reflect solid demand from manufacturing and construction amid inflationary pressures.
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