Content about Fastenal

November 7, 2014

Fastenal CEO Willard Oberton has officially tendered his resignation to the company's board of directors, which has already named a successor in president Leland Hein Jr.

Hein has been with the company since 1985 and has held various sales and managerial roles, including general manager, district manager, regional VP and EVP sales. He has been serving as president since July 2012.

Oberton gave his notice on Nov. 3, stating that he plans to resign, effective Dec. 31, 2014. Hein will step into his new role on Jan. 1.

October 15, 2014

Tuesday saw its fair share of significant stock price decreases, with Sears, Trex, Fastenal and Eagle Materials counted among the mix.

October 13, 2014

Citing a recent decision to invest in the company's retail and leadership staff, Fastenal reported double-digit sales growth in the third quarter of 2014.

October 13, 2014

Monday went to the bears, hitting Armstrong (AWI), Eagle Materials (EXP), Fastenal (FAST), LP (LPX), Masco (MAS) and Sherwin-Williams (SHW) the hardest.

July 14, 2014

It was another rather depressed day for stocks, with Fastenal (FAST) leading the gloomy pack at a decrease of 4.16%.

January 16, 2014

Fastenal (FAST) was down 4.46% on Wednesday following a disappointing fourth-quarter earnings report.

January 15, 2014

Industrial products supplier Fastenal reported fourth-quarter net sales of $813.8 million, up 7.5% from $757.2 million in the same quarter last year. But the company didn't grow as fast as it anticipated.

The Winona, Minn.-based company reported net earnings of $99.2 million, up 0.5% from the previous year's quarter.

October 10, 2013

Though there was a little more growth across the board at Wednesday’s close, Fastenal (FAST) took a dip of 6.26%.

September 6, 2013

A portion of HCN's stocks rebounded Thursday, with Sears (SHLD), Fastenal (FAST) and LP (LPX) all up 6 percent or more.

September 4, 2013

A mixed day on Wall Street brings more gainers than decliners. BlueLinx jumped more than 5% Tuesday, and Fastenal increased 2.3%.

April 10, 2013

Despite "weakening industrial environment," Fastenal sales are up 4.9% in the first quarter ended March 31.

Winona, Minn.-based Fastenal reported first-quarter net sales of $803.3 million, up 4.9% from $768.9 million in the same quarter last year.

Net earnings for the quarter ended March 31 were $109.0 million, up 8.8%.

Those numbers reflect expansion of the company's footprint. The 2,660-store operator opened 11 new stores in the first three months of 2013, an increase of 0.4% since December 2012. 

January 21, 2013

Winona, Minn.-based Fastenal posted fourth-quarter net sales of $757.2 million, up 8.5% from the same three months in the prior year.

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December 27, 2012

Consumer Confidence, released Thursday morning, shows a sharp decline in December. Also on the Dashboard, Fastenal shows a surge on the monthly axis of the Home Channel Stock Roundup.

December 18, 2012

William Oberton, CEO of Fastenal, came in third place on the top “Wealth Creators” by Chief Executive magazine. The annual list shows which CEOs have created the most value for shareholders during the three-year period from July 2009 through June 2012. The rankings were limited to CEO’s at S&P 500 companies who had been in their jobs for at least three years.

Christopher Connor, CEO of paint manufacturer Sherwin Williams, ranked No. 14. James Ryan, chief executive of W.W. Grainger, came in 10th place.

October 11, 2012

Winona, Minn.-based Fastenal reported third-quarter sales of $802.6 million, up 10.4% from the same quarter last year.

Net earnings for the specialty building products retailer were $109.3 million in the quarter, up 12.9%.

As of Sept. 30, Fastenal operated 2,650 stores, and the company has opened 73 new stores in the first nine months of 2012.

July 23, 2012

Sherwin-Williams and Fastenal lead the gainers on the Home Channel Stock Roundup. Elsewhere on the Dashboard, the residential construction dials show big improvements, while existing-home sales declined from May.

July 16, 2012

Consumer Confidence slipped and the unemployment rate held at 8.2% on the Consumer Watch area of the Dashboard. Weyerhaeuser, Beacon and Fastenal led the monthly gainers on the stock roundup. 

July 12, 2012

Second-quarter sales for Winona, Minn.-based Fastenal increased to $804.9 million, up 14.7% from the same quarter in 2011. 

Net earnings for the company increased 19.3% to $112.3 million. 

“The growth in the first three months of 2012 generally continued the relative strength we saw in 2011 and in most of 2010,” the company stated. However, the rate of daily sales growth slowed in the April to June 2012 time frame.

July 12, 2012

Second-quarter sales for Winona, Minn.-based Fastenal increased to $804.9 million, up 14.7% from the same quarter in 2011. 

Net earnings for the company increased 19.3% to $112.3 million. 

“The growth in the first three months of 2012 generally continued the relative strength we saw in 2011 and in most of 2010,” the company stated. However, the rate of daily sales growth slowed in the April to June 2012 time frame.

April 27, 2012

It’s called a 20-20 double-double, and among business metrics it’s a grand slam multiplied by a slam dunk. The definition is sales and earnings growth of at least 20% in the same quarter.

Not only did Winona, Minn.-based Fastenal achieve a 20-20 in the first quarter — $769 million in sales, up 20.0%, and $100 million in net earnings, up 26.0% — but the company has scored a 20-20 double-double for eight consecutive quarters.

April 27, 2012

It’s called a 20-20 double-double, and among business metrics it’s a grand slam multiplied by a slam dunk. The definition is sales and earnings growth of at least 20% in the same quarter.

Not only did Winona, Minn.-based Fastenal achieve a 20-20 in the first quarter — $769 million in sales, up 20.0%, and $100 million in net earnings, up 26.0% — but the company has scored a 20-20 double-double for eight consecutive quarters.

April 12, 2012

The 2,611-location retailer and distributor of industrial supplies and specialty tools reported strong gains in sales and earnings for the quarter ended March 31.

Net sales increased 20.0% to $768.9 million, compared with $640.6 million in the same quarter of 2011. Net earnings increased 26.0% to $100.2 million, up from $79.5 million in the first quarter last year.

March 12, 2012

On the Consumer Watch section of the Dashboard: gas price increases have slowed considerably, and unemployment holds steady. Stocks are all across the board, with Fastenal out in front.

March 12, 2012

On the Consumer Watch section of the Dashboard: gas price increases have slowed considerably, and unemployment holds steady. Stocks are all across the board, with Fastenal out in front.

February 27, 2012

Fastenal sets the pace on the Home Chanel Stock Roundup. Elsewhere on the Dashboard, gas prices jump 12 cents per gallon in a single week.