Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Stores were once a primary growth driver, but their count has declined more than 20% since the 2013 peak as market saturation and e-commerce make new stores a less viable growth strategy.

Amazon Business and other e-commerce competition could disrupt the industrial distribution industry, taking market share and pressuring margins.

Fastenal could continue to face gross margin headwinds as nonfastener sales, national accounts, and on-site programs become a larger part of its business. A continued mix shift toward nonfasteners could also dilute the firm’s differentiation.

Despite serving cyclical end markets, Fastenal’s business model generates strong free cash flow throughout the cycle. Fastenal is likely to continue to use its cash flow to fund a shareholder-friendly capital allocation strategy.

Fastenal can capitalize on its national scale, broad product portfolio, and inventory-management services to take market share from smaller and less capable distributors.

Vending and on-site programs should provide a long growth runway for Fastenal. 

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Fastenal

Why Robinhood?

About FAST

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores.

FAST Key Statistics

Analyst ratings

61%

Fastenal

Why Robinhood?

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. Show more

FAST Key Statistics

Analyst ratings

61%

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores.