Last $50.12 USD
Change Today -0.03 / -0.06%
Volume 2.4M
As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

fastenal co (FAST) Snapshot

Open
$50.06
Previous Close
$50.15
Day High
$50.51
Day Low
$50.02
52 Week High
05/31/13 - $53.12
52 Week Low
02/3/14 - $42.48
Market Cap
14.9B
Average Volume 10 Days
3.2M
EPS TTM
$1.52
Shares Outstanding
296.6M
EX-Date
04/23/14
P/E TM
33.0x
Dividend
$1.00
Dividend Yield
1.89%
Current Stock Chart for FASTENAL CO (FAST)

fastenal co (FAST) Related Businessweek News

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fastenal co (FAST) Details

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Its fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures; and miscellaneous supplies and hardware consisting of various pins and machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market that comprise original equipment manufacturers, and maintenance and repair operations, as well as other users, such as farmers, truckers, railroads, mining companies, federal, state and local governmental entities, schools, and retail trades; and construction market, which include general, electrical, plumbing, sheet metal, and road contractors. As of December 31, 2012, it operated 2,700 company-owned or leased stores. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

17,788 Employees
Last Reported Date: 04/11/14
Founded in 1967

fastenal co (FAST) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $475.0K
President
Total Annual Compensation: $400.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $325.0K
Executive Vice President of Sales
Total Annual Compensation: $300.0K
Executive Vice President of Sales
Total Annual Compensation: $234.8K
Compensation as of Fiscal Year 2013.

fastenal co (FAST) Key Developments

Fastenal Announces Retirement of Board of Directors, Effective from April 22, 2014

Fastenal's director age-limitation policy, two founders, Bob Kierlin (chairman) and Steve Slaggie (director), will retire from Fastenal's board of directors on April 22, 2014. Although both will remain part of the 'Fastenal family' as mentors, advisors, and friends, their retirement marks the end of their official roles with the organization they helped build from a small-town fastener shop into a multibillion-dollar global business.

Fastenal Company Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Fastenal Company announced consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $876,501,000 against $806,326,000 a year ago. Operating income was $178,851,000 against $174,759,000 a year ago. Earnings before income taxes was $178,845,000 against $175,172,000 a year ago. Net earnings were $111,931,000 against $109,048,000 a year ago. Diluted net earnings per share were $0.38 against $0.37 a year ago. Net cash provided by operating activities was $143,298,000 against $160,244,000 a year ago. Purchases of property and equipment was $32,564,000 against $55,513,000 a year ago. The increase in net sales in the first three months of 2014 and 2013 came primarily from higher unit sales. First quarter typically has stronger cash flow characteristics due to the timing of tax payments; this benefit reverses itself in the second, third, and fourth quarters as income tax payments go out in April, June, September, and December. The remaining amounts of cash flow from operating activities are largely linked to the pure dynamics of a distribution business and its strong correlation to working capital.

Fastenal Company Announces Cash Dividend, Payable on May 23, 2014

The Fastenal Company reported its board of directors declared a dividend of $0.25 per share to be paid in cash on May 23, 2014 to shareholders of record at the close of business on April 25, 2014.

 

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Industry Analysis

FAST

Industry Average

Valuation FAST Industry Range
Price/Earnings 33.1x
Price/Sales 4.4x
Price/Book 8.3x
Price/Cash Flow 32.9x
TEV/Sales 4.4x
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