When the coronavirus emerged in early 2020, the company, based in Winona, Minn., had a head start. A distributor of factory floor supplies, including personal protective equipment, Fastenal reacted quickly to the virus’s rise in China, adapting its supply chains and becoming a major supplier of PPE. That helped it set itself apart even as industrial activity softened amid lockdowns. Its next challenge will be whether it can manage both a surplus of PPE and a still-soft industrial base going into 2021.
Courtesy of Fastenal
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Winona, Minn.
Industry
Wholesalers: Diversified
CEO
Daniel L. Florness
Website
Company Type
Public
Ticker
FAST
Revenues ($M)
$6,981
Profits ($M)
$1,087
Market Value ($M)
$27,970
Employees
19,519
Figures are for the fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Future 50As of 12/3/20
Overall Score
14
Sector
Industrials
Lists ranking Fastenal
