FASTENAL CO

Overview

Fastenal Co. is a business-to-business distributor of industrial and construction supplies. Its core offering grew from threaded fasteners to include safety products, tools and other maintenance, repair and operations supplies, delivered through branches and customer-site services such as vending and inventory programs.[1]+2

Founded in 1967, the company serves customers through a global network. At year-end 2025, it operated 1,595 branches in 25 countries.[1] Fastenal reported FY2025 net sales of $8.20 billion and 24,795 employees at Q2 2026.[4] Its stated mission is to help innovators achieve supply-chain excellence by “engaging locally, scaling globally, and serving relentlessly.” [5] [1]+5

Products & services

Fastenal sells fasteners, safety supplies, and other industrial products, including tools, janitorial supplies, and cutting tools. Non-fastener products accounted for 69.5% of 2025 sales, including safety supplies at 22.2%. Its private-label products include Body Guard® safety supplies and ORMADUS® products across other categories; the two labels together represented approximately 11% of 2025 sales.[7]

Its inventory and fulfillment services include FASTStock, a labeled bin-stock program with digitally planogrammed bins and replenishment triggered by scans at minimum levels, and FASTBin, which adds electronic inventory controls, continuous monitoring, real-time inventory visibility, and automatic replenishment. FASTVend industrial vending provides monitored and controlled product access, including 24-hour availability.[8][9] Other service offerings include integrated supply, eBusiness, custom fabrication and assemblies, kitted fasteners, custom hoses, slings, bandsaw blades, and onsite safety and maintenance support.[10] Fastenal also provides engineering support related to fastener design, safety, cost, and throughput.[11] [3]+11

Geographic presence

At year-end 2025, Fastenal operated 1,595 branches across 25 countries and had 24,489 employees. Its 19 distribution centers were located in North America (15: 12 in the U.S., two in Canada and one in Mexico), Europe (two) and Asia (two).[1][18]

In 2025, the U.S. accounted for $6,818.9 million of net sales, about 83.2% of the $8,200.5 million total; other operating segments accounted for $1,381.6 million, about 16.8%. These percentages are calculated from reported figures. The reporting does not break foreign sales out by individual country.[19][20] Fastenal also sources significant products from outside North America, primarily Asia, including through its wholly owned Asia-based subsidiary FASTCO Trading Co., Ltd.[21] [1]+5

Business segments

Fastenal identifies seven geographic operating segments: U.S., Canada, Mexico, Central & South America, Europe, Asia, and SE Asia. The company reports the U.S. as its only reportable segment; the other operating segments are below the applicable reporting thresholds individually.[22]+2

For the six months ended June 30, 2026, U.S. sales were approximately $3.786 billion, or 82.5% of consolidated sales of $4.589 billion. Sales from the other regions combined were approximately $802.5 million, or 17.5%; the latest interim segment disclosure does not provide separate sales contributions for each region.[25][26] For full-year 2025, U.S. sales were approximately $6.819 billion, or 83.2% of consolidated sales; other operating segments contributed approximately $1.382 billion, or 16.8%, in aggregate.[19] [22]+7

Company history

Fastenal was founded in Winona, Minnesota, on November 28, 1967, by Robert A. Kierlin, Michael M. Gostomski, Henry K. McConnon, John D. Remick, and Stephen M. Slaggie; it was incorporated in Minnesota in 1968. The business began by selling threaded fasteners through branches, and in 1974 its Winona operation moved to a larger facility that also supported distribution to nearby branches.[27][28]

Fastenal went public in August 1987. From 1993, it broadened its product range beyond fasteners, adding categories such as tools, cutting tools, hydraulics and pneumatics, and material-handling products; it also began international expansion with a branch in Ontario in 1994.[29]+3

Founder Bob Kierlin served as CEO through 2002. After subsequent CEO transitions involving Willard Oberton and Leland Hein, Daniel Florness became CEO in January 2016. In December 2025, Fastenal announced that Jeffery M. Watts would succeed Florness as CEO effective July 16, 2026.[32]+4

Sources

• FASTENAL CO — Full financial report (2025 Y)
  15 citations

  [1][2][3][4][12][13][14][15][16][17][18][19][20][21][36]
• careers.fastenal.com[5]
• FASTENAL CO — Presentation (2026 Q 2)[6]
• investor.fastenal.com[7]
• www.fastenal.com[8]
• www.fastenal.com[9]
• www.fastenal.com[10]
• www.stg.fastenal.com[11]
• FASTENAL CO — Full financial report (2026 Q 2)
  6 citations

  [22][23][24][25][26][30]
• investor.fastenal.com[27]
• fastenal.visme.co[28]
• investor.fastenal.com[29]
• blueprint.fastenal.com[31]
• www.sec.gov[32]
• www.sec.gov[33]
• www.sec.gov[34]
• www.sec.gov[35]