{"id":2607,"date":"2013-01-31T09:03:14","date_gmt":"2013-01-31T14:03:14","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=2607"},"modified":"2013-01-31T09:03:14","modified_gmt":"2013-01-31T14:03:14","slug":"company-snapshot-fastenal-company","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2013\/01\/company-snapshot-fastenal-company\/","title":{"rendered":"Company Snapshot: Fastenal Company"},"content":{"rendered":"<p><strong>Fastenal Promptly Reports Yet Another Great Year<\/strong><\/p>\n<p><strong>Address:<br \/>\n<\/strong>2001 Theurer Blvd<br \/>\nWinona, Minnesota 55987<\/p>\n<p><strong>Telephone:<br \/>\n<\/strong>507 454-5374<\/p>\n<p><strong>Internet Homepage:<br \/>\n<\/strong><a href=\"http:\/\/www.fastenal.com\" target=\"_blank\">http:\/\/www.fastenal.com<\/a><\/p>\n<p><strong>Year Founded:<br \/>\n<\/strong>1967<\/p>\n<p><strong>Total Stores:<br \/>\n<\/strong>2,652<\/p>\n<p><strong>Total Annual Sales:<br \/>\n<\/strong>$3,133,577,000<\/p>\n<p><strong>Senior Executives:<br \/>\n<\/strong>Willard D. Oberton- Chief Executive Officer<br \/>\nDaniel L. Florness- Executive Vice-President and CFO<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>Fastenal has been one of the fastest companies to issue a comprehensive financial report for fiscal 2012, which coincides with the calendar year.\u00a0 Not surprisingly, for those who follow the company it was a most admirable report.\u00a0 Annual sales were up 13.3%.\u00a0 During this period the company opened 80 new stores increase of 3.1% with a net increase of 2.6% since December 2011.\u00a0 Impressive as this may seem, company store openings actually decreased, down from the 122 the company opened during 2011 and the net gain of 3.8%.<\/p>\n<p>Fastenal\u2019s performance is all the more remarkable considering its position in a market that was at the center of the subprime crisis before being hit by a market-crippling recession.\u00a0 Fastenal\u2019s clientele-base is professional builders.\u00a0 As hard hit as this industry has been by the economic winds of the past several years, the combination of crippling economic conditions and banks reluctant to lend after the subprime debacle, have placed many members of this industry segment in survival mode.<\/p>\n<p>Over the past sixteen years the company has experienced only one year in which annual sales slipped- 2009.\u00a0 At the start of this annual journey, yearly sales leapt from $404 million to its current all-time high of $3.13 billion.\u00a0 At the same time, store count skyrocketed from 642 to the current 2,652, again an all-time high. \u00a0\u00a0\u00a0<strong>\u00a0\u00a0\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fastenal has been one of the fastest companies to issue a comprehensive financial report for fiscal 2012, which coincides with the calendar year.  <\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[15],"class_list":["post-2607","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/2607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=2607"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/2607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=2607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=2607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=2607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}