Fastenal Co.

Fastenal Co.

Fastenal Co.

Overview
Date Founded

1968

Headquarters

2001 Theurer Boulevard, Winona, MN, 55987-0978, USA

Type of Company

Public

Employees (Worldwide)

21.6K

Industries

Wholesale: Consumer Durables
Other Business & Consulting Services
Engineering, Construction & Architecture

Company Description

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. 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.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Controller, Chief Accounting Officer & Treasurer

Senior Executive Vice President, Sales Operations

Senior Executive Vice President-Human Resources

Director & Senior Executive Vice President, Operations

Senior Executive Vice President-Sales

Executive Vice President, Manufacturing

Executive Vice President, Information Technology

Executive Vice President-Sales

Board of Directors

Former President & Chief Executive Officer at Fastenal Co.

Limited Partner at Lead Edge Capital Management LLC

Former Audit Partner at KPMG LLP

Former President, Chief Executive Officer & Director at Fastenal Co.

Former Chief Information Officer & Vice President at Cargill, Inc.

President-Aftermarket/Parts, Garments & Accessories at Polaris Inc.

Former President-North American Surface Transportation at C.H. Robinson Worldwide, Inc.

Former Director of Finance, Strategic Planning & Taxation at Kwik Trip, Inc.

Chief Executive Officer at M. A. Mortenson Company

Director & Senior Executive Vice President, Operations at Fastenal Co.

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Fastenal Co.
Owners & Shareholders
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Walter Scott's investment research team is grouped into three geographical regions - EMEA (Europe, Middle-East and Africa), Americas, and Asia Pacific - with individuals periodically rotated across these teams in order to build global knowledge and investment expertise. Research is consciously bottom-up and all investment professionals are generalists, covering all sectors. Irrespective of mandate, every portfolio is managed by bringing together the skill, judgment and experience of both the Investment Research team and the Investment Executive. A fundamental, bottom-up investment approach combines detailed financial research with business and industry analysis. Each company is researched using the same pillars of analysis. Meetings with company management are central to the process. Walter Scott's research process begins with financial statements from the company's annual report and accounts which are analyzed and interpreted through a standardized framework. This is quantitative, thereafter, everything is a qualitative judgment about the investment candidate. Investment decisions rest upon original research conducted in-house.

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Route One Investment Co. employs a global value-oriented investment management strategy. The firm invests in and trades securities and commodities consisting mainly of equity, equity-related and credit securities that are traded publicly and privately in U.S. and non-U.S. markets. Route One expects to invest a portion of the funds' assets in illiquid securities, which generally are restricted securities of public and private companies. They also invest in preferred stocks, convertible securities, warrants, rights, options (including covered and uncovered puts and calls and over-the-counter options), swaps and other derivative instruments, bonds and other fixed income securities, non-U.S. currencies, futures, options on futures, other commodity interests and money market instruments. Route One also engages in short-selling, margin trading, hedging and other investment strategies.

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London Company offers multiple distinct investment strategies, all relatively concentrated with low annual turnover. Each strategy is created from the same, universal investment process. Their guiding principles for their investment philosophy include: focus on cash return on tangible capital, not earnings per share; the value of a company is determined by cash inflows and outflows discounted by the optimal cost of capital; and optimal diversification is essential to favorable investment results. The firm utilizes a differentiated conservative investment process focused on bottom up, fundamental analysis, utilizing a proprietary balance sheet optimization model and following a risk controlled sell discipline. They primarily seek the following characteristics: high return on capital, consistent free cash flow generation, predictability and stability, and conservative valuations. The firm screens for these primary characteristics and then the investment team will review and possibly seeks potential purchase candidates from the screen. The team will exercise further fundamental and qualitative analysis on selected candidates, in addition to estimating intrinsic values by performing an internal balance sheet optimization analysis, as well as adjusting to market other company assets that may provide further downside protection. The company's management, incentives, actions, capital allocation decisions and corporate governance structure to ascertain whether or not management's interests are aligned with shareholders are also evaluated by the investment team.

Recent Transactions
Details Hidden

Fastenal Co. purchases Fasteners, Inc.

Details Hidden

Fastenal Co. purchases Av-Tech Industries, Inc.

Details Hidden

Fastenal Co. purchases HOLO-KROME Co.

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onAllied Capital Corporation, The Hillman Cos., Inc. purchase Fastenal Co. /DIY Division from Fastenal Co.

Legal Advisor

Advised onAllied Capital Corporation, The Hillman Cos., Inc. purchase Fastenal Co. /DIY Division from Fastenal Co.

Advisors & Consultants
Real Estate Agent
Clients

Environmental Tectonics Corp. engages in the design, manufacture, and sale of software driven products. The firm also offers services used to create and monitor the physiological effects of motion on humans, equipment; and to control, modify, simulate, and measure environmental conditions. It operates through the following business segments: Aerospace, Commercial/Industrial Systems (CIS), and Corporate. The Aerospace segment designes, manufactures, and sells aircrew training systems, altitude chambers, multi-place chambers, disaster management simulators, and integrated logistics support. The CIS segment handles the design, manufacture, and sale of steam and gas, environmental testing and simulation devices, mono-place chambers, and parts and services support for customers. The Corporate segment represents income, expenses; assets not specifically identifiable to an individual business group orapplicable to all groups and general corporate expenses; and central administrative office expenses. The company was founded by William F. Mitchell in 1969 and is headquartered in Southampton, PA.

TO PROVIDE FINANCIAL AND OTHER SUPPORT TO NEW COLLEGE INSTITUTE, A VIRGINIA PUBLIC BODY CONSTITUTED BY STATUTE AS A GOVERNMENTAL INSTRUMENTALITY FOR THE DISSEMINATION OF EDUCATION.

Key Stats and Financials As of 2018
Market Capitalization
$21.1B
Total Enterprise Value
$15.3B
Earnings Per Share
$1.31
Revenue
$4.97B
Net Profit
$752M
EBITDA
$1.14B
EBITDAMargin
22.9%
Total Debt
$500M
Total Equity
$2.3B
Debt TEV
0.03x
Enterprise Value Sales
3.09x
Enterprise Value EBITDAOperating
13.5x
TEVNet Income
20.41x
Three Year Compounded Annual Growth Rate Of Revenue
8.67%
Five Year Compounded Annual Growth Rate Of Revenue
8.34%
Non-Profit Donations & Grants
Investors
Details Hidden

Former Director of Finance, Strategic Planning & Taxation at Kwik Trip, Inc.

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3M Company Computer Software | Saint Paul, Minnesota

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following five segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials and filtration systems. The Safety & Graphics segment offers personal protection products, ransportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, all protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

Awards & Honors
Rank #607
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #19
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
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